Question 16, P 4-30 (sim... HW Score: 26.67%, 12 of 45 points O Points: 0 of...

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Question 16, P 4-30 (sim... HW Score: 26.67%, 12 of 45 points O Points: 0 of 1 Save A rich aunt has promised you $5,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversary of the last payment) that is 3% larger than the last payment. She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 9%, what is her promise worth today? The present value of the aunt's promise is $ (Round to the nearest dollar.) Question 16, P 4-30 (sim... HW Score: 26.67%, 12 of 45 points O Points: 0 of 1 Save A rich aunt has promised you $5,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversary of the last payment) that is 3% larger than the last payment. She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 9%, what is her promise worth today? The present value of the aunt's promise is $ (Round to the nearest dollar.)