Question
An investor is considering an investment that pays a cash flow of $165 annually in perpetuity. The first cash flow is in the 8th year.
An investor is considering an investment that pays a cash flow of $165 annually in perpetuity. The first cash flow is in the 8th year. If the interest rate is 13%, what is the present value of this investment? (round the final answer to the nearest dollar)
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
