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#1 What is the value today of a money machine that will pay $1,543.00 per year for 19.00 years? Assume the first payment is made
#1 What is the value today of a money machine that will pay $1,543.00 per year for 19.00 years? Assume the first payment is made today and that there are 19.0 total payments. The interest rate is 6.00%. Submit Answer format: Currency: Round to: 2 decimal places. #2 Derek will deposit $3,165.00 per year for 8.00 years into an account that earns 9.00%. The first deposit is made next year. How much will be in the account 8.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #3 Derek will deposit $4,004.00 per year for 25.00 years into an account that earns 8.00%, The first deposit is made next year. How much will be in the account 37.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. #4 Derek will deposit $1,380.00 per year for 5.00 years into an account that earns 13.00%. The first deposit is made today. How much will be in the account 5.0 years from today? Note that he makes 5.0 total deposits. #5 Derek will deposit $337.00 per year into an account starting today and ending in year 17.00. The account that earns 10.00%. How much will be in the account 17.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places #6 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $15,195.00 exactly 6.00 years from today. Assuming that Derek believes the appropriate discount rate is 8.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places
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