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3.What is the value today of a money machine that will pay $4,218.00 per year for 12.00 years? Assume the first payment is made 10.00

3.What is the value today of a money machine that will pay $4,218.00 per year for 12.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 8.00%.

Answer format: Currency: Round to: 2 decimal places.

4.What is the value today of a money machine that will pay $4,965.00 every six months for 25.00 years? Assume the first payment is made six months from today and the interest rate is 6.00%.

Answer format: Currency: Round to: 2 decimal places.

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