What is the value today of a money machine that will pay $1,340.00 every six months for 16.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%.

What is the value today of a money machine that will pay $5,424.00 per year for 28.00 years? Assume the first payment is made today and that there are 28.0 total payments. The interest rate is 15.00%.

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