Question: please help me with these 2 questions, kept getting them wrong. thank you! #15 Derek will deposit $759.00 per year into an account starting today
#15 Derek will deposit $759.00 per year into an account starting today and ending in year 7.00. The account that earns 8.00%. How much will be in the account 7.0 years from today? Submit Answer format: Currency: Round to: 2 decimal places. 86 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $19,048.00 exactly 7.00 years from today. Assuming that Derek believes the appropriate discount rate is 7.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency: Round to: 2 decimal places
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