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(Solved): What is the value today of a money machine that will pay $2,309.00 every six months for 12.00 years? ...



What is the value today of a money machine that will pay $2,309.00 every six months for 12.00 years? Assume the first
payment is made 2.00 years from today and the interest rate is 5.00%.


Answer format: Currency: Round to: 2 decimal places.


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To find the present value (PV) of
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