What is the value today of a money machine that will pay $4,016.00 every six months for 23.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%. (Round to 4 decimal places) [Please do NOT use Excel. We're only allowed a Finance calculator on the real exams.]
What is the value today of a money machine that will pay $4,016.00 every six months for 23.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%. (Round to 4 decimal places) [Please do NOT use Excel. We're only allowed a Finance calculator on the real exams.]
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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What is the value today of a money machine that will pay $4,016.00 every six months for 23.00 years? Assume the first payment is made 1.00 years from today and the interest rate is 14.00%.
(Round to 4 decimal places)
[Please do NOT use Excel. We're only allowed a Finance calculator on the real exams.]
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