Question
#2 If you are willing to pay $21,677.00 today to receive a perpetuity with the first payment occurring next year then the payment must
#2 If you are willing to pay $21,677.00 today to receive a perpetuity with the first payment occurring next year then the payment must be $ 11.00% discount rate. Assume a Submit Answer format: Currency: Round to: 2 decimal places.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
