Question
4)Derek has the opportunity to buy a money machine today. The money machine will pay Derek $37,246.00 exactly 20.00 years from today. Assuming that Derek
4)Derek has the opportunity to buy a money machine today. The money machine will pay Derek $37,246.00 exactly 20.00 years from today. Assuming that Derek believes the appropriate discount rate is 7.00%, how much is he willing to pay for this money machine?
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Financial Intelligence For IT Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119149, 9781422119143
