A perpentuity due makes annual payments which begins at 100for first year then increses at 6% through the 10th year and then remain level thereafter. Calculate the present value of this perpentuity if the annual effective rate of interest is equal to 8%.
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Expert's answer
2018-11-20T09:47:10-0500
The present value of this perpentuity if the annual effective rate of interest is equal to 8% is:
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