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What is the value today of a money machine that will pay $2,892.00 every six months...

What is the value today of a money machine that will pay $2,892.00 every six months for 13.00 years? Assume the first payment is made six months from today and the interest rate is 9.00%.

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Value today Here, 4 9. (X)%, 13 2 5 AInterest rate per annum 8 A+CInterest rate per period (r) 9 BxC Number o periods (n) 10) 26 Payment per period (P) 2,892 12 Value today $43,804.00 2892x(1-( 1 (1+4.5%)26)) 4.5%

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