Your uncle has said that if you agree to finish college he will give you equal payments of $$2,500$ at the end of each year for the next five years. If the annual interest rate stays constant at $9\%,$ what is the value of these payments in today$$s dollars? Round your answer to the nearest whole dollar.

$$10,599$

$$12,155$

$$9,724$

$$8,265$

You found out that now you are going to receive payments of $$7,000$ for the next $15$ years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at $16\%.$ What is the present value of these payments? Round your answer to the nearest whole dollar.

$$39,028$

$$61,117$

$$45,272$

$$36,218$