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Derek has the opportunity to buy a money machine today. The money machine will pay Derek $37,794.00 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 $37,794.00 exactly 15.00 years from today. Assuming that Derek believes the appropriate discount rate is 13.00%, how much is he willing to pay for this money machine?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
