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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $26,000.00 exactly 17.00 ears from today. Assuming that Derek
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $26,000.00 exactly 17.00 ears from today. Assuming that Derek believes the appropriate discount rate is 15.00%, how much is he willing to pay or this money machine? Submit nswer format: Currency: Round to: 2 decimal places
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