Question
Perpetuities Consider the data in the following table.(Click on the icon located on thetop-right corner of the data table below in order to copy its
PerpetuitiesConsider the data in the following table.(Click on the icon located on thetop-right corner of the data table below in order to copy its contents into aspreadsheet.)
Annual amount Discount rate
$23,000 12%
Determine the present value of the perpetuity.
The present value of the perpetuity is $___________. (Round to the nearestdollar.)
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
