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What is the value today of a money machine that will pay $1,209.00 per year for 10.00 years? Assume the first payment is made one

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What is the value today of a money machine that will pay $1,209.00 per year for 10.00 years? Assume the first payment is made one year from today and the interest rate is 8.00%. Submit Answer format: Currency: Round to: 2 decimal places. What is the value today of a money machine that will pay $2,775.00 per year for 17.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 11.00%. Submit Answer format: Currency: Round to: 2 decimal places

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