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Please show step by step and lable questions 1) What is the value today of a money machine that will pay $7,248.00 per year for
Please show step by step and lable questions
1) What is the value today of a money machine that will pay $7,248.00 per year for 13.00 years? Assume the first payment is made today and that there are 13.0 total payments. The interest rate is 11.00%.
Answer format: Currency: Round to: 2 decimal places.
2)Derek will deposit $2,635.00 per year for 28.00 years into an account that earns 8.00%. The first deposit is made next year. How much will be in the account 28.0 years from today?
Answer format: Currency: Round to: 2 decimal places.
3)Derek will deposit $8,112.00 per year for 30.00 years into an account that earns 6.00%, The first deposit is made next year. How much will be in the account 34.00 years from today?
Answer format: Currency: Round to: 2 decimal places.
4)Derek will deposit $1,736.00 per year for 8.00 years into an account that earns 5.00%. 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.
Answer format: Currency: Round to: 2 decimal places.
5)Derek will deposit $2,411.00 per year into an account starting today and ending in year 11.00. The account that earns 7.00%. How much will be in the account 11.0 years from today?
Answer format: Currency: Round to: 2 decimal places.
6)Derek has the opportunity to buy a money machine today. The money machine will pay Derek $42,727.00 exactly 16.00 years from today. Assuming that Derek believes the appropriate discount rate is 13.00%, how much is he willing to pay for this money machine?
Answer format: Currency: Round to: 2 decimal places.
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