Question: #15 What discount rate would make you indifferent between receiving $3,987.00 per year forever and $5,160.00 per year for 24.00 years? Assume the first payment

#15 What discount rate would make you indifferent between receiving $3,987.00

#15 What discount rate would make you indifferent between receiving $3,987.00 per year forever and $5,160.00 per year for 24.00 years? Assume the first payment of both cash flow streams occurs in one year. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924) #16 Today is Derek's 25th birthday. Derek has been advised that he needs to have $3,682,084.00 in his retirement account the day he turns 65. He estimates his retirement account will pay 10.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 29.00th birthday and ending on his 65th birthday. How much must those deposits be? Submit Answer format: Currency: Round to: 2 decimal places

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