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#5 Derek will deposit $290.00 per year into an account starting today and ending in year 11.00. The account that earns 8.00%. How much will
#5 Derek will deposit $290.00 per year into an account starting today and ending in year 11.00. The account that earns 8.00%. How much will be in the account 11.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity 16 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $46,214.00 exactly 13.00 years from today. Assuming that Derek believes the appropriate discount rate is 12.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places. c unanswered not_submitted Attempts Remaining: Infinity
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