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4. What is the value today of a money machine that will pay $4,454.00 every six months for 12.00 years? Assume the first payment is
4. What is the value today of a money machine that will pay $4,454.00 every six months for 12.00 years? Assume the first payment is made six months from today and the interest rate is 6.00%.
5. What is the value today of a money machine that will pay $2,409.00 every six months for 26.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 8.00%
#4 What is the value today of a money machine that will pay $4,454.00 every six months for 12.00 years? Assume the first payment is made six months from today and the interest rate is 6.00%. 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 $2,409.00 every six months for 26.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 8.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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