Answered step by step
Verified Expert Solution
Question
1 Approved Answer
very stuck. please show work/ what equations to use. thanks! #5 + What is the value today of a money machine that will pay $2,394.00
very stuck. please show work/ what equations to use. thanks!
#5 + What is the value today of a money machine that will pay $2,394.00 every six months for 30.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 12.00%. unanswered Submit not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started