What is the PV of a perpetuity paying $5 each month, beginning this month (in 1 second),
Question:
What is the PV of a perpetuity paying $5 each month, beginning this month (in 1 second), if the monthly interest rate is a constant 0.5%/
month (6.2%/year) and the cash flows will grow at a rate of 0.1%/month
(1.2%/year)?
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