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What is the value today of a money machine that will pay $2,895.00 per year for 16.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $2,895.00 per year for 16.00 years? Assume the first payment is made today and that there are 16.0 total payments. The interest rate is 13.00%.
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