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(Solved): What is the value today of a money machne that will pay $1,500.00 every six months for 1700 years? ...




What is the value today of a money machne that will pay \( \$ 1,500.00 \) every six months for 1700 years? Assume the first p
What is the value today of a money machne that will pay every six months for 1700 years? Assume the first payment is made years from loday and the interest iase 15 : Answer Format: Currency: Round to: 2 decimal places.


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Calculation of Effective Semi -annual Interest Rate :Effective semi-annual rate = (1+annual rate)^(1/2) - 1 [ If the given rate was nominal rate of
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