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At an annual effective rate of interest of 5%, the present value of a perpetuity-immediate with payments of 1 is the same as the accumulated
At an annual effective rate of interest of 5%, the present value of a perpetuity-immediate with payments of 1 is the same as the accumulated value of an n-year annuity-immediate with payments of 1. Determine the present value of an n-year annuity due with payments of 1. 10.0 B 10.5 11.0 D 11.5 E 12.0
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
