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Need assitance on 1-3, thank you What is the value today of a money machine that will pay $3,511.00 per year for 12.00 years? Assume
Need assitance on 1-3, thank you
What is the value today of a money machine that will pay $3,511.00 per year for 12.00 years? Assume the first payment is made today and that there are 12.0 total payments. The interest rate is 10.00%. Answer format: Currency: Round to: 2 decimal places. Derek will deposit $1,135.00 per year for 28.00 years into an account that earns 9.00%. The first deposit is made next yoar. How much will be in the account 28.0 years from today? Answer format: Currency: Round to: 2 decimal places. Derek will deposit $1,812.00 per year for 29.00 years into an account that earns 9.00%, The first deposit is made next year. How much will be in the account 37.00 yoars from today? Answer format: Currency: Round to: 2 decimal places Step by Step Solution
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