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1a. What is the value today of a money machine that will pay $2,556.00 per year for 26.00 years? Assume the first payment is made

1a.

What is the value today of a money machine that will pay $2,556.00 per year for 26.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 14.00%.

1b.

What is the value today of a money machine that will pay $3,897.00 every six months for 15.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 5.00%.

Can you help?? Thanks!

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