ind the present value of a perpetuity starting at time 10 paying 100 nnually if the interest rate is 12% compounded annually.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Find the present value of a perpetuity starting at time 10 paying 100
annually if the interest rate is 12% compounded annually.
Transcribed Image Text:Find the present value of a perpetuity starting at time 10 paying 100 annually if the interest rate is 12% compounded annually.
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