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An investment security promises to pay $25,000 at the end of each year at an interest rate of 9% a.) compute the present value of
An investment security promises to pay $25,000 at the end of each year at an interest rate of 9%
a.) compute the present value of the security assuming that the payments are made at the end of each year for the next 30 years.
b.) compute the present value of the security assuming that the payments are made at the end of each year forever (perpetuity).
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