Question
An investment promises to pay $30,000 p.a. in perpetuity beginning in 15 years time (t=15). How much is this series of cash flows worth to
An investment promises to pay $30,000 p.a. in perpetuity beginning in 15 years time (t=15). How much is this series of cash flows worth to you in five years time (t=5) assuming an interest rate of 5.5% p.a.? Please round your answer to the nearest penny.
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
