Question
A perpetuity consists of quarterly payments of 1, 2, 3, 4, 1, 2, 3, 4, etc., which will repeat forever in this pattern. Assuming a
A perpetuity consists of quarterly payments of 1, 2, 3, 4, 1, 2, 3, 4, etc., which will repeat forever in this pattern. Assuming a 10% rate of interest, compounded monthly, determine the present value of this perpetuity.
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
