Question
An insurance policy will pay you $2,000 per year indefinitely, with the first payment being paid 6 years from today. Using a discount rate of
An insurance policy will pay you $2,000 per year indefinitely, with the first payment being paid 6 years from today. Using a discount rate of 2%, what is a fair price for this insurance policy in a lump-sum payment occurring today?
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
