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What is the value today of a money machine that will pay $4,618.00 per year...

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Finance

What is the value today of a money machine that will pay $4,618.00 per year for 31.00 years? Assume the first payment is made today and that there are 31.0 total payments. The interest rate is 7.00%.image

#1 What is the value today of a money machine that will pay $4,618.00 per year for 31.00 years? Assume the first payment is made today and that there are 31.0 total payments. The interest rate is 7.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places

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