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I need help with this question please with a calculated steps BA ll What is the value today of a money machine that will pay
I need help with this question please with a calculated steps BA ll
What is the value today of a money machine that will pay $8,100.00 per year for 25.00 years? Assume the first payment is made today and that there are 25.0 total payments. The interest rate is 13.00%. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $4,123.00 per year for 21.00 years into an account that earns 9.00%. The first deposit is made next year. How much will be in the account 21.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $6,065.00 per year for 22.00 years into an account that earns 10.00%, The first deposit is made next year. How much will be in the account 40.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $2,206.00 per year for 8.00 years into an account that earns 11.00%. The first deposit is made today. How much will be in the account 8.0 years from today? Note that he makes 8.0 total deposits. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $1,607.00 per year into an account starting today and ending in year 6.00. The account that earns 12.00%. How much will be in the account 6.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $23,678.00 exactly 14.00 years from today. Assuming that Derek believes the appropriate discount rate is 7.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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