Question
Can you please explain what rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year (if possible,
Can you please explain what rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year (if possible, please explain how to find this using a financial calculator)?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
