What is the value today of a money machine that will pay $2,876.00 per year for 24.00

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What is the value today of a money machine that will pay $2,876.00 per year for 24.00 years? Assume the first payment is made one year from today and the interest rate is 9.00%.

Related Book For answer-question

Corporate Finance

ISBN: 978-0077861759

11th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

Posted Date: Jan 16, 2020 02:22 AM

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What is the value today of a money machine that will pay $2,876.00 per year for 24.00

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Corporate Finance

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