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5. What is the value today of a money machine that will pay $4,961.00 per year for 15.00 years? Assume the first payment is made

5. What is the value today of a money machine that will pay $4,961.00 per year for 15.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 14.00%.

6. What is the value today of a money machine that will pay $3,505.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 12.00%.

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