Question
You would like to purchase a delayed perpetuity, which pays $2400 every year. You would like this perpetuity to start 27 years later. The asset
You would like to purchase a delayed perpetuity, which pays $2400 every year. You would like this perpetuity to start 27 years later. The asset requires you to make the same deposit every year starting from today and end a year before the perpetuity starts. How much is the deposit every year? The interest rate is at 9%. (Round to Integer)
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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