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Suppose there is a perpetuity that pays $1,000 per year and that the appropriate discount rate is 4%. What is the present value of the
Suppose there is a perpetuity that pays $1,000 per year and that the appropriate discount rate is 4%. What is the present value of the perpetuity if the first payment occurs today?
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The present value of a perpetuity is calculated using the formula below PV PMT ...
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
