Multiple Choice
Forever Insurance Company has offered to pay you or your heirs $100 per year at the end of each year forever.If the correct discount rate for such a cash flow is 13%,what the amount that you would be willing to pay Forever Insurance for this set of cash flows?
A) $1,000.00
B) $869.23
C) $769.23
D) $100
Correct Answer:
Verified
Correct Answer:
Verified
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