Question
Q25/ Perpetuities Consider the data in the following table.(Click on the icon here in order to copy the contents of the data table below into
Q25/
PerpetuitiesConsider the data in the following table.(Click on the icon here
in order to copy the contents of the data table below into a spreadsheet.)
| Annual amount | Discount rate |
| $22,000 | 11% |
Determine the present value of the perpetuity.
The present value of the perpetuity is $?. (Round to the nearest dollar.)
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Lectures On Public Economics
Authors: Anthony B. Atkinson, Joseph E. Stiglitz
1st Edition
0691166412, 978-0691166414
