What is the value today of a money machine that will pay
Problem
What is the value today of a money machine that will pay $2,650.00 every six months for 22.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 11.00%.
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What is the value today of a money machine that will pay $2,650.00 every six months for 22.00 years?
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