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If the interest rate is 9 % compounded annually, what is the value of the following three investments? a . An investment that offers you
If the interest rate is compounded annually, what is the value of the following three investments?
a An investment that offers you $ a year in perpetuity with the payment at the end of each year.
Note: Round your answer to decimal places.
b A similar investment with the payment at the beginning of each year.
Note: Do not round intermediate calculations. Round your answer to decimal places.
c A similar investment with the payment spread evenly over each year.
Note: Do not round intermediate calculations. Round your answer to decimal places.
c Present value
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