Question
What is the value today of a money machine that will pay $1,790.00 every six months for 22.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $1,790.00 every six months for 22.00 years? Assume the first payment is made six months from today and the interest rate is 13.00%.
What is the value today of a money machine that will pay $3,520.00 every six months for 26.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 13.00%.
What is the value today of a money machine that will pay $1,822.00 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 4.00%.
Derek will deposit $3,386.00 per year for 15.00 years into an account that earns 8.00%. The first deposit is made next year. How much will be in the account 15.0 years from today?
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