Question
A perpetuity provides payments every 44 months starting today. The first payment is 11 and each payment is 11% greater than the immediately preceding payment.
A perpetuity provides payments every 44 months starting today. The first payment is 11 and each payment is 11% greater than the immediately preceding payment. Find the present value of the perpetuity if the effective rate of interest is 55% per annum. ANSWER =
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
