Question
What is the value of an infinite series of $50 semiannual payments growing at a rate of 4% every six months and with a discount
What is the value of an infinite series of $50 semiannual payments growing at a rate of 4% every six months and with a discount rate of 10% APR compounded semiannually? How would your answer change if the growth rate was 5% every six months?
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
