A. What is the value today of a money machine that will pay $1,385.00 per year...

A. What is the value today of a money machine that will pay $1,385.00 per year for 13.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 6.00%.

B. What is the value today of a money machine that will pay $3,787.00 every six months for 29.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 12.00%.

Expert Solution

jeff jeffy answered 4 months ago

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