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What is the value today of a money machine that will pay $3,112.00 every six months for 17.00 years? Assume the first payment is made

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What is the value today of a money machine that will pay $3,112.00 every six months for 17.00 years? Assume the first payment is made six months from today and the interest rate is 5.00%. Answer format: Currency: Round to: 2 decimal places. What is the value today of a money machine that will pay $4,531.00 every six months for 25.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 6.00%

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