In 10years you will begin receiving $169 per year in perpetuity from a family trust fund (first payment is exactly 10 years from today). You
In 10years you will begin receiving $169 per year in perpetuity from a family trust fund (first payment is exactly 10 years from today). You have decided to discount these cash flowsat a constant interest rate of 6.9%. What is the present value today of these future cash flows? (Hint: draw a time line to illustrate exactly the cash flows for this problem.)Answer to 2 decimal places.
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Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
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