1. Complete the following questions on your previous unit 1.5 (a-c)

a) What is the value today of a money machine that will pay $3,237.00 per year for 28.00 years? Assume the first payment is made today and that there are 28.0 total payments. The interest rate is 14.00%.

Answer format: Currency: Round to: 2 decimal places.

b) Derek will deposit $4,989.00 per year for 15.00 years into an account that earns 14.00%. The first deposit is made next year. How much will be in the account 15.0 years from today?

Answer format: Currency: Round to: 2 decimal places.

c) Derek will deposit $3,946.00 per year for 20.00 years into an account that earns 4.00%, The first deposit is made next year. How much will be in the account 37.00 years from today?

Answer format: Currency: Round to: 2 decimal places.