Question
Question 10 You are offered the choice of the following two income streams; - $300,000 every 3 years in perpetuity with the first receipt in
Question 10
You are offered the choice of the following two income streams; -
$300,000 every 3 years in perpetuity with the first receipt in 3 years.
$26,000 every month for 10 years with the first receipt immediately.
The annual interest rate is 3.6% pa.
Which income stream do you choose?
(Answer to the nearest dollar)
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
