Question
What is the value today of a money machine that will pay $3,431.00 every six months for 23.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $3,431.00 every six months for 23.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 10.00%.
Answer format: Currency: Round to: 2 decimal places.
What is the value today of a money machine that will pay $5,716.00 per year for 33.00 years? Assume the first payment is made today and that there are 33.0 total payments. The interest rate is 10.00%.
Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $2,755.00 per year for 7.00 years into an account that earns 15.00%. The first deposit is made next year. How much will be in the account 7.0 years from today?
Answer format: Currency: Round to: 2 decimal places.
Could really use the help! Thanks!
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