Multiple Choice
A perpetuity of $5,000 per year beginning today is said to offer a 15 percent interest rate.What is its present value?
A) $33,333.33
B) $37,681.16
C) $38,333.33
D) $65,217.39 PV = $5,000 +
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: In 1973 Gordon Moore one of Intel's
Q5: How much more is a perpetuity of
Q6: Other things being equal, the more frequent
Q7: You're ready to make the last of
Q8: Ahmed purchased a new vehicle costing $28,500
Q9: A stream of equal cash payments lasting
Q10: Describe the process for determining the present
Q50: Which of the following will increase the
Q64: Which of the following statements best describes
Q107: How should we compare interest rates quoted