Question
Q1) What is the value today of a money machine that will pay $2,485.00 every six months for 19.00 years? Assume the first payment is
Q1) What is the value today of a money machine that will pay $2,485.00 every six months for 19.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%.
Q2) What is the value today of a money machine that will pay $4,499.00 per year for 28.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 10.00%.
Q3) What is the value today of a money machine that will pay $1,541.00 per year for 17.00 years? Assume the first payment is made one year from today and the interest rate is 8.00%.
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
