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A perpetuity with an annual payment of $1,000 (payments start N years from today) has a present value (today) of $6,830. A second perpetuity, which
- A perpetuity with an annual payment of $1,000 (payments start N years from today) has a present value (today) of $6,830. A second perpetuity, which will begin five years after the first perpetuity begins, has a present value of $8,482. The annual interest rate is 10 percent.
Determine the value of each payment of the second perpetuity?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
