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Perpetuities Consider the data in the following table. (Click on the icon located on the top-right corner of the data table below in order

 

Perpetuities Consider the data in the following table. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet. Annual amount $18,000 Discount rate 17% Determine the present value of the perpetuity. The present value of the perpetuity is $ (Round to the nearest dollar)

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SOLUTION To determine the present value of a perpetuity we can use the formula Present Value Annual ... blur-text-image

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