Question
What is the value today of a money machine that will pay $7,235.00 per year for 39.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $7,235.00 per year for 39.00 years? Assume the first payment is made today and that there are 39.0 total payments. The interest rate is 11.00% Submit Answer format: Currency Round to: 2 decimal places Derek will deposit $2,371.00 per year for 11.00 years into an account that earns 6.00%. The first deposit is made next year. How much will be in the account 11.0 years from today? Submit Answer format: Currency Round to 2 decimal places.
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