Question
What is the value today of a money machine that will pay $2,501.00 per year for 29.00 years? Assume the first payment is made one
What is the value today of a money machine that will pay $2,501.00 per year for 29.00 years? Assume the first payment is made one year from today and the interest rate is 15.00%.
What is the value today of a money machine that will pay $2,273.00 per year for 15.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 12.00%.
What is the value today of a money machine that will pay $4,531.00 every six months for 23.00 years? Assume the first payment is made six months from today and the interest rate is 15.00%.
What is the value today of a money machine that will pay $1,661.00 every six months for 28.00 years? Assume the first payment is made 4.00 years from today and the interest rate is 13.00%.
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
