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Quest Listen (Estimated time allowance: 15 minutes) Given an interest rate of 20 percent per year, what is the value at date t =
Quest Listen (Estimated time allowance: 15 minutes) Given an interest rate of 20 percent per year, what is the value at date t = 6 (the end of year 6) of a perpetual stream of $200 annual payments that begins at date t 11 (the end of year 11)? For your answer round to the nearest dollar, do not enter the dollar ($) sign, and DO NOT use commas for the thousands. For example, if you obtained $1,240.75 then enter 1241 (some problems might let you use commas though).
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