Question
A perpetuity makes monthly cash payments of$200.If the first cash payment is made in six months' time,in which month is the present value of the
A perpetuity makes monthly cash payments of$200.If the first cash payment is made in six months' time,in which month is the present value of the perpetuity determined?
a. Month 1
b. Month 0
c. Month 5
d. Month 6
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