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Homework answers / question archive / What is the value today of a machine that will pay $4909

What is the value today of a machine that will pay $4909

Finance

What is the value today of a machine that will pay $4909.00 per year for 24 years ? Assume the first payment is made 4 years from today and the interest rate is 5%?

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Present value = $58,514.23

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