Multiple Choice
A perpetuity of $5,000 per year beginning today is said to offer a 15% interest rate. What is its present value?
A) $33,333.33
B) $37,681.16
C) $38,333.33
D) $65,217.39
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: The present value of an annuity stream
Q13: How much can be accumulated for retirement
Q14: In calculating the present value of $1,000
Q14: Cash flows occurring in different periods should
Q19: What is the present value of a
Q20: How long must one wait (to the
Q26: When money is invested at compound interest,the
Q49: What is the present value of a
Q71: How much interest will be earned in
Q93: Assume you are making $989 monthly payments