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What is the value today of a money machine that will pay $1,434.00 every six months for 18.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $1,434.00 every six months for 18.00 years? Assume the first payment is made six months from today and the interest rate is 7.00%. Submit Answer format: Currency: Round to: 2 decimal places. What is the value today of a money machine that will pay $6,463.00 per year for 10.00 years? Assume the first payment is made today and that there are 10.0 total payments. The interest rate is 12.00% Submit Answer format: Currency: Round to: 2 decimal places
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