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please help asap Derek has the opportunity to buy a money machine today. The money machine will pay Derek $11,541.00 exactly 13.00 years from today.
please help asap
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $11,541.00 exactly 13.00 years from today. Assuming that Derek believes the appropriate discount rate is 9.00%, how much is he willing to pay for this money machine? Answer format: Cumency: Round to: 2 decimal places. Suppose you deposit $1,153.00 into an account 4.00 years from today. Exactly 17.00 years from today the account is worth $1,659.00. What was the account's interest rate? Answer format: Percentage Round to: 3 decimal places (Example: 9.243%,% sign required. Will accept decimal format rounded to 5 decimal places (ex: 0.09243)) Suppose you deposit $1,014.00 into an account 5.00 years from today that earns 10.00%. It will be worth $1,651.00 years from today. Answer format: Number: Round to: 2 decimal places. Assume the real rate of interest is 2.00% and the inflation rate is 3.00%. What is the value today of receiving 14,864.00 in 13.00 years? Answor format: Currency: Round to: 2 decimal places Step by Step Solution
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