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A perpetuity makes its first annual payment of $143 exactly 20 years from today. The discount rate is 4.4% per annum compounded annually. 1)
A perpetuity makes its first annual payment of $143 exactly 20 years from today. The discount rate is 4.4% per annum compounded annually. 1) What is the present value of this perpetuity valued at exactly Year 13? (Round your answer to the nearest cent) 2) What is the present value of this perpetuity valued at exactly Year 0? (Round your answer to the nearest cent)
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
