Question
What is the value today of a money machine that will pay $1,880.00 per year for 30.00 years? Assume the first payment is made 9.00
What is the value today of a money machine that will pay $1,880.00 per year for 30.00 years? Assume the first payment is made 9.00 years from today and the interest rate is 9.00%.
What is the value today of a money machine that will pay $3,420.00 every six months for 10.00 years? Assume the first payment is made six months from today and the interest rate is 7.00%.
What is the value today of a money machine that will pay $2,222.00 every six months for 16.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 12.00%.
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