Assignment: Chapter 04 Time Value of Money Back to Assignment Attempts Keep the Highest / 2 S. Present value of annuities You have a partnership stake in a business that pays you equal payments of $1,000 at the end of each year for the next seven years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar) $6,075 $5,786 54,918 57,233 You found out that now you are going to receive payments of $7,500 for the next 16 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 14%. What is the present value of these payments? (Note: Round your answer to the nearest whole dollar) 572,314 353,566 142,853 546.90 Back to Assignment Attempts Keep the Highest / 2 6. Calculateannuity cash flows Your goal is to have $10,000 in your bank account by the end of five years. If the interest rate remains constant at 4% and you want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal? $1,477.02 $1,846.28 O $2,030.91 $1,661.65 If your deposits were made at the beginning of each year rather than an at the end, what is the amount your deposit would change by if you still wanted to reach your financial goal by the end of five years? $18.75 560.36 $71.01 553.26 Grade It Now Save & Continue Continue without saving