Question
A rich relative has bequeathed you a payment of $1,000 one year from now. Each year after that, you will receive a payment on the
A rich relative has bequeathed you a payment of $1,000 one year from now. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the previous payment. This pattern of payments will go on forever. If the interest rate is 12% per year:
a) What is today
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Buyable Your Guide To Building A Self Managing Fast Growing And High Profit Business
Authors: Steve Preda
1st Edition
0998447846, 978-0998447841
