What is the value today of a money machine that will pay $1,291.00 per year for...

What is the value today of a money machine that will pay $1,291.00 per year for 18.00 years? Assume the first payment is made 6.00 years from today and the interest rate is 9.00%.

Solutions

Expert Solution

What is the value today of a money machine that will pay $1,291.00 per year for 18.00 years? Assume the first payment is made 6.00 years from today and the interest rate is 9.00%.

$7346.51

Please comment if you face any difficulty and please dont forget to upvote

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

What is the value today of a money machine that will pay $4,705.00 per year for...

What is the value today of a money machine that will pay $4,705.00 per year for 24.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 11.00%. Answer format: Currency: Round to: 2 decimal places.

What is the value today of a money machine that will pay $4,319.00 per year for...

What is the value today of a money machine that will pay $4,319.00 per year for 24.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 8.00%.

What is the value today of a money machine that will pay $1,190.00 per year for...

What is the value today of a money machine that will pay $1,190.00 per year for 21.00 years? Assume the first payment is made 10.00 years from today and the interest rate is 13.00%.

What is the value today of a money machine that will pay $7,490.00 per year for...

What is the value today of a money machine that will pay $7,490.00 per year for 39.00 years? Assume the first payment is made today and that there are 39.0 total payments. The interest rate is 10.00%.

What is the value today of a money machine that will pay $4,389.00 per year for...

What is the value today of a money machine that will pay $4,389.00 per year for 21.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 7.00%. Answer format: Currency: Round to: 2 decimal places. What is the value today of a money machine that will pay $1,782.00 every six months for 21.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 10.00%. Answer format: Currency:...

What is the value today of a money machine that will pay $3,129.00 every six months...

What is the value today of a money machine that will pay $3,129.00 every six months for 13.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 14.00%. Answer format: Currency: Round to: 2 decimal places.

What is the value today of $1,800 per year, at a discount rate of 8 percent,...

What is the value today of $1,800 per year, at a discount rate of 8 percent, if the first payment is received 4 years from now and the last payment is received 25 years from today?

What is the lump sum value today for a financial instrument that would pay me $10,000 per year for ten years assuming a discount rate of:

What is the lump sum value today for a financial instrument that would pay me $10,000 per year for ten years assuming a discount rate of:a. 6 percentb. 12 percent

What is the value today of receiving $2,562.00 per year forever? Assume the first payment is...

What is the value today of receiving $2,562.00 per year forever? Assume the first payment is made next year and the discount rate is 7.00%. Answer format: Currency: Round to: 2 decimal places. What is the value today of receiving $2,197.00 per year forever? Assume the first payment is made 8.00 years from today and the discount rate is 13.00%. Answer format: Currency: Round to: 2 decimal places.

What is the value today of receiving $1,774.00 per year forever? Assume the first payment is...

What is the value today of receiving $1,774.00 per year forever? Assume the first payment is made next year and the discount rate is 11.00%. Answer format: Currency: Round to: 2 decimal place Suppose you deposit $2,951.00 into an account today that earns 13.00%. In 10.00 years the account will be worth $________. Answer format: Currency: Round to: 2 decimal places.

Subjects