Question: Please ANSWER ALL (explanation with or without BA 2 calculator greatly appreciated) #1. What is the value today of a money machine that will pay
Please ANSWER ALL (explanation with or without BA 2 calculator greatly appreciated)
#1.
What is the value today of a money machine that will pay $3,042.00 every six months for 11.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 6.00%
#2.
What is the value today of a money machine that will pay $4,796.00 per year for 8.00 years? Assume the first payment is made today and that there are 8.0 total payments. The interest rate is 4.00%.
#3
Derek will deposit $1,188.00 per year for 10.00 years into an account that earns 7.00%. The first deposit is made next year. How much will be in the account 10.0 years from today?
#4
Derek will deposit $6,869.00 per year for 24.00 years into an account that earns 18.00%, The first deposit is made next year. How much will be in the account 37.00 years from today?
#5
Derek will deposit $2,229.00 per year for 16.00 years into an account that earns 5.00%. The first deposit is made today. How much will be in the account 16.0 years from today? Note that he makes 16.0 total deposits.
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