$73$

#$11$

Derek has the opportunity to buy a money machine today. The money machine will pay Derek $$33,687\mathrm{.}00$ exactly $15\mathrm{.}00$ years from today. Assuming that Derek believes the appropriate discount rate is $12\mathrm{.}00\%,$ how much is he willing to pay for this money machine?

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

Attempts Remaining: Infinity

#$12$

Suppose you deposit $$1,101\mathrm{.}00$ into an account $5\mathrm{.}00$ years from today. Exactly $15\mathrm{.}00$ years from today the account is worth $$1,599\mathrm{.}00.$ What was the account's interest rate?

Answer format: Percentage Round to: $3$ decimal places $($Example: $9\mathrm{.}243\%,\%$ sign required. Will accept decimal format rounded to $5$ decimal places $($ex: $0\mathrm{.}09243))$