Question
Compute the present value (PV) of an annuity that pays $320 forever if the opportunity cost is (a) 4 percent, (b) 8 percent, and (c)
Compute the present value (PV) of an annuity that pays $320 forever if the opportunity cost is (a) 4 percent, (b) 8 percent, and (c) 10 percent. Why does the PV decrease as the opportunity cost increases?
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Climate Finance
Authors: Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk
1st Edition
081474138X, 978-0814741382
