Question
What is the value today of a money machine that will pay $2,540.00 every six months for 23.00 years? Assume the first payment is made
What is the value today of a money machine that will pay $2,540.00 every six months for 23.00 years? Assume the first payment is made six months from today and the interest rate is 9.00%.
Answer format: Currency: Round to: 2 decimal places.
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
