Question
ABC University will receive $2,000 each quarter from a trust fund forever. The first payment will be made today. The annual effective interest rate is
ABC University will receive $2,000 each quarter from a trust fund forever. The first payment will be made today.
The annual effective interest rate is 9%. Calculate the present value of the payments.
Round the answer to the nearest dollar.
The answer is not 91835. Please answer and explain answer.
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The Best Retirement Guides For Adults Successful Techniques To Make Your Money Last A Lifetime
Authors: Rebecca W. Anderson
1st Edition
979-8865146025
