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How much more is a perpetuity of $600 worth than an annuity of the same amount for 35 years? Assume an annual interest rate of
How much more is a perpetuity of $600 worth than an annuity of the same amount for 35 years? Assume an annual interest rate of 6% and cash flows at the end of each period. Given annual compounding.
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
