Question
What is the present value of a perpetuity that will pay $1,350 per year, with the first payment due 3 years from now? Assume the
What is the present value of a perpetuity that will pay $1,350 per year, with the first payment due 3 years
from now? Assume the annual interest rate is 8%.
a. $13,396
b. $14,468
c. $12,404
d. $16,875
e. Cant determine the value with information provided
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
