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#1 What is the value today of a money machine that will pay $1,942.00 per year for 26.00 years? Assume the first payment is made
#1 What is the value today of a money machine that will pay $1,942.00 per year for 26.00 years? Assume the first payment is made today and that there are 26.0 total payments. The interest rate is 6.00%. Submit Answer format: Currency: Round to: 2 decimal places. #2 Derek will deposit $1,797.00 per year for 23.00 years into an account that earns 4.00%. The first deposit is made next year. How much will be in the account 23.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #3 Derek will deposit $3,263.00 per year for 17.00 years into an account that earns 7.00%, The first deposit is made next year. How much will be in the account 35.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #4 Derek will deposit $354.00 per year for 16.00 years into an account that earns 6.00%. The first deposit is made today. How much will be in the account 16.0 years from today? Note that he makes 16.0 total deposits
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