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Unit 6 Question 6: (Present value of a perpetuity) At a discount rate of 15.00%, find the present value of a perpetual payment of $1,000
Unit 6 Question 6:
(Present value of a perpetuity) At a discount rate of 15.00%, find the present value of a perpetual payment of $1,000 per year. If the discount rate were lowered to 7.50%, half the initial rate, what would be the value of the perpetuity? a. If the discount rate were 15.00%, the present value of the perpetuity is $ (Round to the nearest cent.) Step by Step Solution
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The Total Inventors Manual
Authors: Sean Michael Ragan
1st Edition
1681881586, 978-1681881584
