Question
What is the value today of $500 per month forever, with the first $500 payment occurring two months from today. Interest rates are 12% p.a.
What is the value today of $500 per month forever, with the first $500 payment occurring two months from today. Interest rates are 12% p.a. compounded monthly.
| a. | $49,504.95 | |
| b. | $49,014.80 | |
| c. | $3,720.24 | |
| d. | $50,000.00 |
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
