You won a lottery that will make equal payments of $1,500 at the end of each year for the next five years. If the annual interest rate stays constant at 5%, calculate what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.

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%.calculate  what is the present value of these payments? Round your answer to the nearest whole dollar.

Answer rating: 100% (QA)

You won a lottery that will make equal payments of 1500 at the end of each year for the next five ye... View the full answer