Question
What is the value today of a money machine that will pay $3,347.00 per year for 21.00 years? Assume the first payment is made one
What is the value today of a money machine that will pay $3,347.00 per year for 21.00 years? Assume the first payment is made one year from today and the interest rate is 13.00%.
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Answer format: Currency: Round to: 2 decimal places.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
