Question
What is the value today of a money machine that will pay $2,123.00 per year for 8.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $2,123.00 per year for 8.00 years? Assume the first payment is made today and that there are 8.0 total payments. The interest rate is 6.00%.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
