Question
An investment that currently sells for $200 makes payments every year forever, which grow annually at a constant rate. If the annual return on this
An investment that currently sells for $200 makes payments every year forever, which grow annually at a constant rate. If the annual return on this investment is 6% and next payment amount is $10, what is the constant rate at which the payments grow annually? At an annual interest rate of 7%, how many years does it take to triple your money?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
