Question
A deferred perpetuity-due begins payments at time n with annual payments of $2000 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 $2000 per year. If the present value of this perpetuity-due is equal to $11809.80 and the force of interest is ln (1+ 1/9), find n.
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
