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What is the value today of a money machine that will pay $6,357.00 per year for 18.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $6,357.00 per year for 18.00 years? Assume the first payment is made today and that there are 18.0 total payments. The interest rate is 4.00%. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $3,200.00 per year for 7.00 years into an account that earns 10.00%. The first deposit is made next year. How much will be in the account 7.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $5,458.00 per year for 21.00 years into an account that earns 9.00%, The first deposit is made next year. How much will be in the account 39.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $2,142.00 per year for 10.00 years into an account that earns 12.00%. The first deposit is made today. How much will be in the account 10.0 years from today? Note that he makes 10.0 total deposits. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $1,259.00 per year into an account starting today and ending in year 15.00. The account that earns 4.00%. How much will be in the account 15.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. Derek has the opportunity to buy a money machine today. The money machine will pay Derek $40,166.00 exactly 6.00 years from today. Assuming that Derek believes the appropriate discount rate is 13.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places
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