Question
What is the value today of a money machine that will pay $3,734.00 per year for 39.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $3,734.00 per year for 39.00 years? Assume the first payment is made today and that there are 39.0 total payments. The interest rate is 6.00%.
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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
