What is the value today of a money machine that will pay $6,658.00 per year for 5.00
Fantastic news! We've Found the answer you've been seeking!
Question:
What is the value today of a money machine that will pay $6,658.00 per year for 5.00 years? Assume the first payment is made today and that there are 5.0 total payments. The interest rate is 10.00%.
2. Derek will deposit $753.00 per year for 20.00 years into an account that earns 10.00%. The first deposit is made today. How much will be in the account 20.0 years from today? Note that he makes 20.0 total deposits.
Related Book For
Posted Date: