Question
What is the value today of a money machine that will pay $7,565.00 per year for 15.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $7,565.00 per year for 15.00 years? Assume the first payment is made today and that there are 15.0 total payments. The interest rate is 6.00%.
Derek will deposit $3,884.00 per year for 5.00 years into an account that earns 15.00%. The first deposit is made next year. How much will be in the account 5.0 years from today?
Derek will deposit $3,853.00 per year for 24.00 years into an account that earns 12.00%, The first deposit is made next year. How much will be in the account 34.00 years from today?
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