Question
A perpetuity will pay $ 700 peryear, starting five years after the perpetuity is purchased. What is the present value(PV) of this perpetuity on the
A perpetuity will pay $ 700 peryear, starting five years after the perpetuity is purchased. What is the present value(PV) of this perpetuity on the date that it ispurchased, given that the interest rate is 10%?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
