Question
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $28,010.00 exactly 15.00 years from today. Assuming that Derek
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $28,010.00 exactly 15.00 years from today. Assuming that Derek believes the appropriate discount rate is 12.00%, how much is he willing to pay for this money machine?
Answer format: Currency: Round to: 2 decimal places.
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International Finance Discussion Papers Do Recessions Affect Potential Output
Authors: United States Federal Reserve Board, Jane Haltmaier
1st Edition
1288723393, 9781288723393
