Question
If you were offered an investment that will pay you $17643 every year forever, and you require an 11.9% return on investments with the same
If you were offered an investment that will pay you $17643 every year forever, and you require an 11.9% return on investments with the same levels of risk, how much are you willing to invest today?Answer and round to the nearest cent.
Can anyone show me step by step to get the answer? I know the answer is 148260.5 but I don't know how to reach that number.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
