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What is the value today of a money machine that will pay $3,420.00 every six months for 27.00 years? Assume the first payment is made

What is the value today of a money machine that will pay $3,420.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 12.00%.

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#4 answered What is the value today of a money machine that will pay $3,420.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 12.00%. incorrect 7 Submit Correct Answer: $54,548.92 Points: 0 Answer format: Currency: Round to: 2 decimal places. More Details Hide Hint Retake Similar to CSD Chapter 3 #5 Attempts Remaining: Infinity

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