Question
A perpetuity pays $1000 every 2 years. The first payment will begin in 2 years. There is an APR of 6% compounded annually associated with
A perpetuity pays $1000 every 2 years. The first payment will begin in 2 years. There is an APR of 6% compounded annually associated with your account. Find the present value of the perpetuity.
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Step: 1
To calculate the present value of a perpetuity we can use the formula PV C r where PV ...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
