Multiple Choice
Calculate the present value of a perpetuity that will pay out $7,500 every six months. The first payment will be made four years from now. The interest rate earned is 8.6% compounded semi-annually.
A) $174,419
B) $129,898
C) $124,543
D) $119,563
E) $104,826
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: What amount is required to fund a
Q14: What amount, invested today at 5% compounded
Q15: What amount can be paid at the
Q16: How much will it cost to buy
Q17: An individual wants to receive end-of-month payments
Q19: A $35,000 loan bearing interest at 10%
Q20: To sell a farm that it had
Q21: What is the amount of the initial
Q22: What amount must be placed in a
Q23: In this LO, does constant growth mean