Question
What is the value today of a money machine that will pay $3,219.00 every six months for 20.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $3,219.00 every six months for 20.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 10.00%.
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Answer format: Currency: Round to: 2 decimal places.
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
