Question
You are thinking of investing in an annuity that pays $ 1000 every year, forever. If the interest rate is 5%, what is the price
You are thinking of investing in an annuity that pays $ 1000 every year, forever. If the interest rate is 5%, what is the price that you should pay for this annuity that pays $1000 each year forever?
| $20,000 | ||
| $ 200,000 | ||
| $ 150,000 | ||
| $ 1,150,000 |
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The Structural Foundations Of Monetary Policy
Authors: Michael D. Bordo, John H. Cochrane, Amit Seru
1st Edition
0817921346, 978-0817921347
