Question
Assume that the force of interest is constant. The present value of a payment of 60 at the end of 10 years and 40 at
Assume that the force of interest is constant. The present value of a payment of 60 at the end of 10 years and 40 at the end of 20 years is equal to 40. The present value of a perpetuity with payments of x at the end of each year is also 40. What is x?
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Military Finances Personal Money Management For Service Members Veterans And Their Families
Authors: Cheryl Lawhorne-Scott, Don Philpott
1st Edition
144222214X, 978-1442222144
