Question
A wealthy woman just died and left her pet cats the following estate: $30,000 per year for the next 15 years with the first cash
A wealthy woman just died and left her pet cats the following estate: $30,000 per year for the next 15 years with the first cash flow one year from today. At a discount rate of 2%, what is the feline estate worth in today's dollars?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
