Question
You are given a perpetuity, with annual payments as follows: (i) Payments of 8 at the end of the first year and every three
You are given a perpetuity, with annual payments as follows: (i) Payments of 8 at the end of the first year and every three years thereafter. (ii) Payments of 4 at the end of the second year and every three years thereafter. (iii) Payments of 5 at the end of the third year and every three years thereafter. The interest is 10% convertible semiannually. Calculate the present value of this perpetuity.
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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