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

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Finance

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 ismade 2.00 years from today and the interest rate is 7.00%.

Answer format: Currency: Round to: 2decimal 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 firstpayment is made 4.00 years from today and the interest rate is10.00%.

Answer format: Currency: Round to: 2decimal places.

Could really use the help! am trying to understand theprocess

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Q1 First we have to find the PV of the PMTs at teh beginning ofyear 2 and then discount it for 2 years back to current time 0We are given the following    See Answer
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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 ismade 2.00 years from today and the interest rate is 7.00%.Answer format: Currency: Round to: 2decimal 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 firstpayment is made 4.00 years from today and the interest rate is10.00%.Answer format: Currency: Round to: 2decimal places.Could really use the help! am trying to understand theprocess

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