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You are considering an investment that will pay you annual payments of $ 2 , 5 0 0 for ever but will never return your
You are considering an investment that will pay you annual payments of $ for ever but will never return your principle. If the prevailing interest rate is what would a fair price be for the investment?
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To calculate the fair price for the investment we can use the perpetuity formul...
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
