Question
Problem 6-74 Perpetual Cash Flows [LO1] An investment pays $54,000 every other year forever with the first payment one year from today. a. What is
Problem 6-74 Perpetual Cash Flows [LO1]
| An investment pays $54,000 every other year forever with the first payment one year from today. |
| a. | What is the value today if the discount rate is 18 percent compounded daily? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | What is the value today if the first payment occurs four years from today? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Essentials Of Health Care Finance
Authors: William O. Cleverley
3rd Edition
0834203413, 978-0834203419
