Question
Jiefei has an annuity immediate paying $840.00 semi-annually for 16 years. Boris has a perpetuity, also paying semi-annually with the same present value. The interest
Jiefei has an annuity immediate paying $840.00 semi-annually for 16 years. Boris has a perpetuity, also paying semi-annually with the same present value. The interest rate for both of them is r(12) = 2.750%. How much are the semi-annual payments for Boris?
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Ministers Tax And Financial Guide
Authors: Dan Busby, Michael Martin
2020 Edition
0310588790, 978-0310588795
