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What is the value today of a money machine that will pay $5,496.00 per year for 37.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $5,496.00 per year for 37.00 years? Assume the first payment is made today and that there are 37.0 total payments. The interest rate is 12.00%.
Derek will deposit $2,039.00 per year into an account starting today and ending in year 19.00. The account that earns 11.00%. How much will be in the account 19.0 years from today?
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