Question
Hi Can you answer this question for me A perpetuity makes continuous payments commencing now. The rate of payment decreases geometrically in annual steps. The
Hi Can you answer this question for me
A perpetuity makes continuous payments commencing now. The rate of payment decreases geometrically in annual steps. The rate of payment in the first year will be $12,000 p.a. In each subsequent year, the rate of payment will reduce by 2.7%.
Determine the present value of the perpetuity at an interest rate of 8.6% p.a.
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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
