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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $16,068.00 exactly 3,00 years from today. Assuming that Derek

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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $16,068.00 exactly 3,00 years from today. Assuming that Derek believes the appropriate discount rate is 5.00%, how much is he willing to pay for this money machine? Submit Answer format: Currency Round to: 2 decimal places

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