1. What is the value today of a money machine that will pay $2,449.00 every six months for 16.00 years? Assume the first payment is made six months from today and the interest rate is 15.00%.

2.What is the value today of a money machine that will pay $4,933.00 every six months for 20.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 15.00%.

Please include formula/ steps

#4 What is the value today of a money machine that will pay $2,449.00 every six months for 16.00 years? Assume the first payment is made six months from today and the interest rate is 15.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #5 What is the value today of a money machine that will pay $4,933.00 every six months for 20.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 15.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places