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(please use at least 5 decimal places) My grandtather use to wite met a check for $9.10 every year on my birthday. Lets assume he
(please use at least 5 decimal places)
My grandtather use to wite met a check for $9.10 every year on my birthday. Lets assume he wanted to buy a perpetuity that would payout $9.10 per year focever. Hoe moch will that cost today if you assume an intorest rate of 9% compunded annualy? (Please use at loast 5 decimal placos and do not use 5 . 5ymbol in thee answer) Step by Step Solution
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