Question
What is the value today of a money machine that will pay $2,831.00 per year for 16.00 years? Assume the first payment is made today
What is the value today of a money machine that will pay $2,831.00 per year for 16.00 years? Assume the first payment is made today and that there are 16.0 total payments. The interest rate is 6.00%.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
