Question
An investment will start to pay $250 annual interest forever in year seven. The interest rate is 5%. How much would you be willing to
An investment will start to pay $250 annual interest forever in year seven. The interest rate is 5%. How much would you be willing to pay for it today?
| $5,000 | ||
| $3,553 | ||
| $3,731 | ||
| $4,113 |
A. 5000
B.3553
C.3731
D.4113
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Introduction To Personal Finance
Authors: John E Grable, Lance Palmer
1st Edition
1119626633, 9781119626633
