Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Really need help with these questions please and thank you! #1 What is the value today of a money machine that will pay $3,923,00 per

Really need help with these questions please and thank you! image text in transcribed
image text in transcribed
#1 What is the value today of a money machine that will pay $3,923,00 per year for 16.00 years? Assume the first payment is made today and that there are 16.0 total payments. The interest rate is 9.00% Submit Answer formar: Currency: Round to: 2 decimal places 12 Derek will deposit $2.715.00 per year for 18.00 years into an account that eams 7.00%. The first deposit is made next year, How much will be in the account 18.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places #3 Derek will deposit $6,411.00 per year for 18.00 years into an account that earns 4.00%. The first deposit is made next yoar. How much will be in the account 10.00 years from today? Submit Answer format: Currency Round to 2 decimal places 4 Derok will deposit $796.00 per year for 21.00 years into an account that earns 15.00%. The first deposit is made today How much will be in the account 21.0 yoars from today? Note that he makes 21.0 total deposits Submit Answer format: Currency: Round to 2 decimal places Derek will deposit $796.00 per yoar for 21.00 years into an account that earns 15.00%. The first deposit is made today How much will be in the account 21.0 years from today? Note that he makes 21.0 total deposits Submit Answer format: Currency: Round to: 2 decimal places. 15 Derek will deposit $1,429.00 per year into an account starting today and ending in year 9,00. The account that earns 12.00%. How much will be in the account 9.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places Dorok has the opportunity to buy a money machine today. The money machine will pay Derek $38,862.00 exactly 4.00 years from today. Assuming that Derek believes the appropriate discount rate is 13.00%, how much is ho willing to pay for this money machine? Submit 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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

What is inflation?

Answered: 1 week ago