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You got into a car accident and settled out of court for equal payments of...

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Finance

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You got into a car accident and settled out of court for equal payments of $1,000 at the end of each year for the next seven years. If the annual interest rate stays constant at 4%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. O $7,503 O $5,102 $6,002 O $6,242 You found out that now you are going to receive payments of $8,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 11%. What is the present value of these payments? Round your answer to the nearest whole dollar. $88,461 $52,422 O $65,527 O $59.033

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