Question
What is the value today of a money machine that will pay $4,564.00 per year for 17.00 years? Assume the first payment is made one
What is the value today of a money machine that will pay $4,564.00 per year for 17.00 years? Assume the first payment is made one year from today and the interest rate is 13.00%. Currency: Round to: 2 decimal places.
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
