Question
What is the value today of a money machine that will pay $2,294.00 per year for 16.00 years? Assume the first payment is made 9.00
What is the value today of a money machine that will pay $2,294.00 per year for 16.00 years? Assume the first payment is made 9.00 years from today and the interest rate is 15.00%.
What is the value today of a money machine that will pay $3,577.00 every six months for 30.00 years? Assume the first payment is made six months from today and the interest rate is 5.00%.
What is the value today of a money machine that will pay $1,171.00 every six months for 20.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 6.00%.
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