Question: Derek will deposit $ 1 , 5 0 6 . 0 0 per year into an account starting today and ending in year 1 7

Derek will deposit $1,506.00 per year into an account starting today and ending in year 17.00. The account that earns 11.00%. How much will be in the account 17.0 years from today?
Answer format: Currency: Round to: 2 decimal places.
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $14,656.00 exactly 5.00 years from today. Assuming that Derek believes the appropriate discount rate is 6.00%, how much is he willing to pay for this money machine?
Answer format: Currency: Round to: 2 decimal places.
 Derek will deposit $1,506.00 per year into an account starting today

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