Question
You are evaluating an investment that will pay $75 in year and it will continue to make payments at annual intervals thereafter, but the payment
You are evaluating an investment that will pay $75 in year and it will continue to make payments at annual intervals thereafter, but the payment will grow by 4% forever.
A. The present value of the first $75 payment is $69.44
B. The amount this investment will pay 100 years from now is $3,787.87
The present value of the 100th payment is $_______.
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
