Question
An investment offers to pay $500 a year forever starting at the end of year 5. If the interest rate is 10%, what is the
An investment offers to pay $500 a year forever starting at the end of year 5. If the interest rate is 10%, what is the investment's value today? (Assume annual compounding)
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$3756.57
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$3722.43
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$3415.07
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$3104.61
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
