Question
What is the value today of a money machine that will pay $3,865.00 every six months for 29.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $3,865.00 every six months for 29.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 6.00%.
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Answer format: Currency: Round to: 2 decimal places.
Please use a financial calculator
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
