Question
An investor is considering an investment that pays a cash flow of $218 annually in perpetuity. The first cash flow is in the 3th year.
An investor is considering an investment that pays a cash flow of $218 annually in perpetuity. The first cash flow is in the 3th year. If the interest rate is 13%, what is the present value of this investment? (round your final answer to the nearest dollar)
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
