Question
A deferred perpetuity-due begins payments at time n with annual payments of $3500 per year. If the present value of this perpetuity-due is equal to
A deferred perpetuity-due begins payments at time n with annual payments of $3500 per year. If the present value of this perpetuity-due is equal to $13193.52 and the effective rate of interest i=0.12, find n.
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
