Question
What is the value today of a money machine that will pay $2,450.00 per year for 11.00 years? Assume the first payment is made one
What is the value today of a money machine that will pay $2,450.00 per year for 11.00 years? Assume the first payment is made one year from today and the interest rate is 8.00%.
Answer format: Currency: Round to: 2 decimal places.
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
