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What is the value today of a money machine that will pay $1,224.00 per year for...

What is the value today of a money machine that will pay $1,224.00 per year for 13.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 7.00%.

What is the value today of a money machine that will pay $1,417.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 11.00%

What is the value today of a money machine that will pay $4,146.00 per year for 35.00 years? Assume the first payment is made today and that there are 35.0 total payments. The interest rate is 6.00%.

Derek will deposit $3,988.00 per year for 19.00 years into an account that earns 6.00%. The first deposit is made next year. How much will be in the account 19.0 years from today?

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Answer #1

I can only answer 1 question at a time so I am solving 1st statement only. Attached is the image containing calculations for the present value .

Cash 122 12 22W 구 13 Ant Value- 22 yt -122 y +、-、ナ 122y (1、07) 구 122 3 ㄣ 1.67 3 16315 (lo구) (1:07)12 (0-oa)

Please do rate me and mention doubts, if any,, in the comments section .

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