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What is the value today of a money machine that will pay $2,581.00 every six months for 30.00 years? Assume the first payment is made

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What is the value today of a money machine that will pay $2,581.00 every six months for 30.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 11.00% Submit Answer format: Currency: Round to: 2 decimal places Today is Derek's 25th birthday, Derek has been advised that he needs to have 52.133,332.00 in his retirement account the day he turns 65. He estimates his retirement account will pay 6.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 30.00th birthday and ending on his 65th birthday. How much must those deposits be? Submit Answer format: Currency: Round to 2 decimal places

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