Question: how do i aswerthis using a calculator What is the value today of a money machine that will pay $2,084.00 per year for 15.00 years?

how do i aswerthis using a calculator

how do i aswerthis using a calculator What is the value today

What is the value today of a money machine that will pay $2,084.00 per year for 15.00 years? Assume the first payment is made one year from today and the interest rate is 8.00%. Answer format: Currency: Round to: 2 decimal places. Attempts Remaining: Infinity What is the value today of a money machine that will pay $3,205.00 per year for 23.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 14.00%. Answer format: Currency: Round to: 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

What is the value today of a money machine that will pay\$1000 per year for 6 years? Assume the first payment is made two year from today and interest rate is 4% 4712.254885.324990.255040.52 Question...

What is the value today of a money machine that will pay$2,505.00 per year for 16.00 years? Assume the first payment ismade 4.00 years from today and the interest rate is 13.00%. Pleaseexplain to m 2...

Please show step by step with business Calculator What is the value today of a money machine that will pay $3,704.00 per year for 20.00 years? Assume the first payment is made one year from today and...

#3 What is the value today of a money machine that will pay $3,497.00 per year for 13.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 12.00%. Answer format:...

Problem 1 (9 marks) Consider an annuity consisting of three cash flows of $28,000 each. If the interest rate is 6%, what is the present value (today) of the annuity if the first cash flow occurs: (3...

PLSSHOW ME HOW TO DO THIS ON FINANCIAL CALCULATOR What is the value today of a money machine that will pay $ \$ 1,584.00 $ per year for $ 24.00 $ years? Assume the first payment is made \( 9.00...

PLEASE SHOW ON FINANCIAL CALCULATOR What is the value today of a money machine that will pay $4,742.00 per year for 25.00 years? Assume the first payment is made 10.00 years from today and the...

these have the answer on them i just need to figure out how to input them in a financial calculator. thank you 1. An investment will pay you $600 per year for 20 years. If you initially use a...

Profitable companies always have sufficient cash, so the more profitable a company is, the less important it is to manage cash flows carefully. Do you agree? Please discuss. Tutorial questions 25300...

The Pedal Pusher Bicycle Shop operates 7 days per week, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle...

The village of Fay was recently incorporated and began financial operations on July 1, 2018, the beginning of its fiscal year. The following transactions occurred during this first fiscal year from...

Stellar Productions is a fictional electronics manufacturer that produces camera equipment, sound systems, and studio lighting equipment. Use the following information in the photos to: Tables...

8:37 * N. 80% i ... OBJECTIVES: Create relationships Create a Pivot Table from Related Tables Create a PivotChart Modify the PivotChart The major section in this chapter :ontinuation is: Data...

3-30. Did the sender choose an appropriate medium for the message?

Jachuck et al. (1982) report on an analysis of a certain drug designed to reduce hypertension (high blood pressure). Such hypotensive drugs are frequently effective but are also linked to...

3-29. Was the message well timed?