Question
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $34,669.00 exactly 14.00 years from today. Assuming that Derek
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $34,669.00 exactly 14.00 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?
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Project Finance In Theory And Practice
Authors: Stefano Gatti
3rd Edition
0128114010, 978-0128114018
