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Your uncle has said that if you agree to finish college he will give you equal payments of $2,000 at the end of each year
Your uncle has said that if you agree to finish college he will give you equal payments of $2,000 at the end of each year for the next eight years. If the annual interest rate stays constant at 9%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. $12,066 $13,838 $11,070 $9,410 You found out that now you are going to receive payments of $9,500 for the next 14 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 10%. What is the present value of these payments? Round your answer to the nearest whole dollar. $76,982 $61,586 $69,984 $103,926
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