Question: please reply fast for a thumbs up What is the value today of a money machine that will pay $7,928.00 per year for 6.00 years?

please reply fast for a thumbs up please reply fast for a thumbs up What is the value today

What is the value today of a money machine that will pay $7,928.00 per year for 6.00 years? Assume the first payment is made today and that there are 6.0 total payments. The interest rate is 13.00%. Submit Answer format: Currency: Round to: 2 decimal places. Derek will deposit $9,056.00 per year for 25.00 years into an account that earns 7.00%, The first deposit is made next year. He has $10,587.00 in his account today. How much will be in the account 38.00 years from today? Submit 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!