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What is the value today of a money machine that will pay $1213.00 per year for 25 years? Assume the first payment is made in

What is the value today of a money machine that will pay $1213.00 per year for 25 years? Assume the first payment is made in 7 years from today and interest rate is 14%
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What is the value today of a money machine that will pay $1,213.00 per year for 25.00 years? Assume the first payment is made 7.00 years from today and the interest rate is 14.00%. Answer format: Currency: Round to: 2 decimal places

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