Given / = .15, find the present value of an annuity of 100 per year continuing forever

Question:

Given / = .15, find the present value of an annuity of 100 per year continuing forever if

(a) the first payment is due in one year; (b)

the first payment is due immediately;

(c) the first payment is due in 5 years.

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Akshay Agarwal

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