4.22 Assuming an interest rate of 10 percent, calculate the present value of the following streams of
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4.22 Assuming an interest rate of 10 percent, calculate the present value of the following streams of yearly payments:
a. $1,000 per year forever, with the first payment one year from today.
b. $500 per year forever, with the first payment two years from today.
c. $2,420 per year forever, with the first payment three years from today.
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Related Book For
Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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