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(estimated time allowance: 5 minutes) What is the present value of a stream of cash flows in the amount of $180 a year that goes
(estimated time allowance: 5 minutes) What is the present value of a stream of cash flows in the amount of
$180
a year that goes into perpetuity (forever). The annual appropriate discounting rate is
6%
.\ ** Do not enter the $ sign. Round of to the nearest dollar (no decimals) and DO NOT use commas. . For example, if you obtained
$1,240.75
then enter 1241 (some problems might let you use commas though).
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