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15 Derek will deposit $799.00 per year into an account starting today and ending in year 16.00. The account that earns 12.00%. How much will

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15 Derek will deposit $799.00 per year into an account starting today and ending in year 16.00. The account that earns 12.00%. How much will be in the account 16.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $38,292.00 exactly 9.00 years from today. Assuming that Derek believes the appropriate discount rate is 11.00%, how much is he willing to pay for this money machine? A Submit Answer format: Currency: Round to: 2 decimal places

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