1) What is the value today of a money machine that will pay $8,785.00 per year for 18.00 years? Assume the first payment is made today and that there are 18.0 total payments. The interest rate is 4.00%.

2) Derek will deposit $294.00 per year for 12.00 years into an account that earns 6.00%. The first deposit is made today. How much will be in the account 12.0 years from today? Note that he makes 12.0 total deposits.

3) Derek will deposit $2,120.00 per year into an account starting today and ending in year 14.00. The account that earns 14.00%. How much will be in the account 14.0 years from today?