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show work not excel #11 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $11,210.00 exactly 11.00 years

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#11 Derek has the opportunity to buy a money machine today. The money machine will pay Derek $11,210.00 exactly 11.00 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? Submit Answer format: Currency: Round to: 2 decimal places

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