Question
1. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $30,532.00 exactly 13.00 years from today. Assuming that
1. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $30,532.00 exactly 13.00 years from today. Assuming that Derek believes the appropriate discount rate is 14.00%, how much is he willing to pay for this money machine? Currency: Round to: 2 decimal places.
2. Suppose you deposit $2,054.00 into an account today that earns 11.00%. In 23.00 years the account will be worth $________. Currency: Round to: 2 decimal places
3. Suppose you deposit $2,344.00 into an account today. In 15.00 years the account is worth $3,875.00. The account earned ____% per year. Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
4. Suppose you deposit $1,226.00 into an account today that earns 13.00%. It will take ___ years for the account to be worth $2,785.00. Number: Round to: 2 decimal places.
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