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 $2,498.00 every six months for 13.00 years? Assume the first payment is made 3.00 years from today and the interest rate is 7.00%.
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What is the value today of a money machine that will pay $2,498.00 every six months for 13.00 years?
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