Question
What is the present value of a $400 perpetuity if the interest rate is 5%? If interest rates doubled to 10%, what would its present
What is the present value of a $400 perpetuity if the interest rate is 5%? If interest rates doubled to 10%, what would its present value be? Round your answers to the nearest cent.
Present value at 5%: $____
Present value at 10%: $____
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
