13: At 12% of annual interest, if the present value of a perpetuity of Rs. 'R' payable at the beginning of each 4-month period is 3,38,000 Rs then what will be the value of R?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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What will be the value of R?

13:
At 12% of annual interest, if the
present value of a perpetuity of Rs.
'R' payable at the beginning of each
4-month period is 3,38,000 Rs then
what will be the value of R?
Transcribed Image Text:13: At 12% of annual interest, if the present value of a perpetuity of Rs. 'R' payable at the beginning of each 4-month period is 3,38,000 Rs then what will be the value of R?
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