Multiple Choice
The present value of a $100 per year perpetuity at 10 percent per year interest rate is $1,000. What would be the present value of this perpetuity if the payments were compounded continuously?
A) $1,000.00
B) $1,049.21
C) $1,024.40
D) $986.14
Correct Answer:
Verified
Correct Answer:
Verified
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