Question
#10 A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 11. Each subsequent
#10 A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 11. Each subsequent payment is 66 more than the previous payment. It is known that v4=0.68v4=0.68. Calculate the present value of this perpetuity. A. $ 29.22 B. $ 41.74 C. $ 34.09 D. $ 21.91 E. $ 11.69
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Auditing Concepts And Methods
Authors: McGraw-Hill
1st Edition
0074701266, 978-0074701263
