Question
1. What is the value today of a money machine that will pay $4,996.00 per year for 28.00 years? Assume the first payment is made
1. What is the value today of a money machine that will pay $4,996.00 per year for 28.00 years? Assume the first payment is made one year from today and the interest rate is 6.00%. Currency: Round to: 2 decimal places.
2.What is the value today of a money machine that will pay $2,756.00 per year for 13.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 7.00%. Currency: Round to: 2 decimal places.
3. What is the value today of a money machine that will pay $3,752.00 every six months for 15.00 years? Assume the first payment is made six months from today and the interest rate is 11.00%. Currency: Round to: 2 decimal places.
4. What is the value today of a money machine that will pay $1,194.00 every six months for 30.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 13.00%. Currency: Round to: 2 decimal places.
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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
