Question
What is the value today of a money machine that will pay $3,129.00 every six months for 13.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $3,129.00 every six months for 13.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 14.00%. Answer format: Currency: Round to: 2 decimal places.
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
