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14. There are two brothers with investments. Aaron will receive a perpetuity of $16,000 per year, while Barron will receive a $16,000 annual payment, but
14. There are two brothers with investments. Aaron will receive a perpetuity of $16,000 per year, while Barron will receive a $16,000 annual payment, but for only the next 35 years. The interest rate for both is 6%. Which set of payments is worth more now (Present value)? Show values and difference between them
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
