Question
A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 22. Each subsequent payment
A perpetuity has payments at the end of each four-year period. The first payment at the end of four years is 22. Each subsequent payment is 44 more than the previous payment. It is known that (v^4)=0.67. Calculate the present value of this perpetuity. ANSWER =
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
