Question
What is the value today of a money machine that will pay $3,845.00 per year for 19.00 years? Assume the first payment is made 7.00
What is the value today of a money machine that will pay $3,845.00 per year for 19.00 years? Assume the first payment is made 7.00 years from today and the interest rate is 5.00%. Answer format: Currency: Round to: 2 decimal places.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
