Question
Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you
Starting from today you will deposit $5000 every year in an account for a total of 5 deposits. At the same time that you make the last deposit, you will begin receiving a yearly perpetual constant cash flow from the account. The account pays 8% compounded annually. How much will you receive each year from the perpetuity?
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
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