Multiple Choice
What is the present value of an infinite stream of annual payments of $10,000 per year if the first payment is received one year from today? Assume the interest rate is 10 percent.
A) $100,000
B) $1,000,000
C) $10,000,000
D) $1,000,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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