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#1 What is the value today of a money machine that will pay $3,038.00 per year for 30.00 years? Assume the first payment is made
#1 What is the value today of a money machine that will pay $3,038.00 per year for 30.00 years? Assume the first payment is made today and that there are 30.0 total payments. The interest rate is 7.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #2 Derek will deposit $4,162.00 per year for 21.00 years into an account that earns 6.00%. The first deposit is made next year. How much will be in the account 21.0 years from today? unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #3 Derek will deposit $3,126.00 per year for 29.00 years into an account that earns 8.00%, The first deposit is made next year. How much will be in the account 33.00 years from today? unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places
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