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CORPORATION FINANCE QUESTION: What is the value today of a money machine that will pay $ 2 , 4 7 3 . 0 0 every

CORPORATION FINANCE QUESTION: What is the value today of a money machine that will pay $

2, 473.00

every six months for

11.00

years? Assume the first payment is made six months from today and the interest rate is

12.00 % .

round answer

2

decimal places

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