What is the present value of a perpetuity of $10 per year if the first payment will
Question:
What is the present value of a perpetuity of $10 per year if the first payment will be received one year from now and the appropriate interest rate is 8 percent per year?
a. $0.80
b. $1.25
c. $12.50
d. $125.00
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Muhammad Salman Alvi
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