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(Solved): What is the value today of a money machine that will pay $2,822.00 per year for 19.00 years? Assume ...



What is the value today of a money machine that will pay $2,822.00 per year for 19.00 years? Assume the first payment
is made 4.00 years from today and the interest rate is 15.00%.

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


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Value of money machine in three years from now can be computed using formula for present value of ordinary annuity as:PV3=C×[1?(1+r)?nr]Where,PV3 = Di
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