Question
What is the present value of a $264 perpetuity discounted back to the present at 13.46 percent. The answer should be calculated to two decimal
What is the present value of a $264 perpetuity discounted back to the present at 13.46 percent.
The answer should be calculated to two decimal places
I used the PV function in excel but I received an error message stating that I needed to plug in more numbers to solve the problem using the PV function?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
