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What are you getting in terms of interest rate if you are willing to pay $15 comma 000 today for an annual stream of payments
What are you getting in terms of interest rate if you are willing to pay $15 comma 000 today for an annual stream of payments of $2 comma 000 for the next 20 years? The next 40 years? The next 100 years? Forever? What are you getting in terms of interest rate if you are willing to pay $15 comma 000 today for an annual stream of payments of $ 2 comma 000 for the next 20 years?
round to two decimal places
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