Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I want the formula and answers for all. plz 210 What is the value today of a money machine that will pay $5,500.00 per year

I want the formula and answers for all. plz image text in transcribed
image text in transcribed
210 What is the value today of a money machine that will pay $5,500.00 per year for 15.00 years? Assume the first payment is made today and that there are 15.0 total payments. The interest rate is 9.00% unanswered not submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. 22 O answered Derek will deposit $3,868.00 per year for 21.00 years into an account that earns 14.00%. The first deposit is made next year. How much will be in the account 21.0 years from today? Correct Points: 0,95 405244.24 Submit More Details Answer format: Currency, Round to: 2 decimal places. Attempts Romaining: Infinity Show Hint 23 o Derek will deposit $6,873.00 per year for 17.00 years into an account that earns 5.00%, The first deposit is made next year. How much will be in the account 35.00 years from today? not submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. Dorok will deposit $2,103,00 per year for 2400 years into an account that earns 14.00%. The first deposit is made today. How much will be in the account 24.0 years from today? Note that he makes 24.0 total deposits not be Attempts Ronaning Infinity Submit Answer format: Currency: Round to: 2 decimal places Derek wil deposit $2,522.00 per your into an account starting today and ending in year 13.00 The account that eams 11.00% How much will be in the account 130 years from today? not submitted minin infinity not suited Derek will deposit $2,103.00 per year for 24.00 years into an account that earns 14.00%. The first deposit is made today. How much will be in the account 24.0 years from today? Note that he makes 24.0 total deposits Submit Answer format: Currency: Round to: 2 decimal places Attempts Remaining: Infinity 35 Derek wil deposit $2,522,00 per year into an account starting today and ending in year 13.00 The account that earns 11.00%. How much will be in the account 13.0 years from today? monwered Submit no submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $48,973.00 exactly 9.00 years from today. Assuming that Derek believes the appropriate discount rate is 6.00%, how much is he willing to pay for this money machine? mot submitted Submit Attempts Romaining: Infinity Answer format: Currency: Round to: 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algorithmic Finance A Companion To Data Science

Authors: Christopher Hian-ann Ting

1st Edition

9811238308, 978-9811238307

More Books

Students also viewed these Finance questions

Question

Will the company help with relocation expenses?

Answered: 1 week ago