Question
What is the present value of $400 paid each year forever, assuming a discount rate of 11% and the first payment is received one year
What is the present value of $400 paid each year forever, assuming a discount rate of 11% and the first payment is received one year from now? Please round your answer to the nearest cent.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
