Question
As a result of winning the Gates Energy Innovation Award, you are awarded a growing perpetuity. The first payment will occur in a year and
As a result of winning the Gates Energy Innovation Award, you are awarded a growing perpetuity. The first payment will occur in a year and will be for $15,000. You will continue receiving monetary awards annually with each award increasing by 6 percent over the previous award, and these monetary awards will continue forever. If the appropriate interest rate is 10 percent, what is the present value of this award?
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Wealth Inequality Asset Redistribution And Risk Sharing Islamic Finance
Authors: Tarik Akin , Abbas Mirakhor
1st Edition
3110583739, 3110583887, 9783110583885
