The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by

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The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the interest rate, I PV PMT I. What is the future value of a perpetuity of PMT dollars per year? (Hint: The answer is infinity, but explain why.)

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Fundamentals Of Financial Management Concise Edition

ISBN: 9781285065137

8th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Jul 18, 2024 07:04 AM

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The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by

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Fundamentals Of Financial Management Concise Edition

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