What is the net present value of the machine

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Question - A business is purchasing a new machine that will pay $10,000 semi-annually for the next 5 years where payments are made at the end of each semi-annual period. The first payment will occur 6 months from today. The semi-annual interest rate is 5%, compounded quarterly. What is the net present value of the machine?

Reference no: EM132529676

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