How do find and what is the present value of the payments

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Problem 1: You found out that now you are going to receive payments of $10,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 15%. What is the present value of these payments? (Note: Round your answer to the nearest whole dollar.)

Option 1: $67,245

Option 2: $58,474

Option 3: $90,781

Option 4: $53,796

Reference no: EM133010777

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