Question
A family member is considering a retirement income stream with either cash flows of 30 years or cash flows forever.Both options have cash flows of
A family member is considering a retirement income stream with either cash flows of 30 years or cash flows forever.Both options have cash flows of $5,000 occurring at the end of each period and an interest rate of 7% pa.The difference in the present values of the alternatives is closest to:
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
