Multiple Choice
A perpetuity will pay $1000 per year,starting five years after the perpetuity is purchased.What is the future value (FV) of this perpetuity,given that the interest rate is 4%?
A) $1410
B) $20,582
C) $21,370
D) $25,000
E) There is no solution to this problem.
Correct Answer:
Verified
Correct Answer:
Verified
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