5. The philanthropist, who announced today that he will donate 100,000 TL to the LÖSEV at the end of each year, declared that these donations will continue in this amount forever. If the annual benchmark interest rate in the market is 10 percent, what is the current economic value of this donation? PV =
5. The philanthropist, who announced today that he will donate 100,000 TL to the LÖSEV at the end of each year, declared that these donations will continue in this amount forever. If the annual benchmark interest rate in the market is 10 percent, what is the current economic value of this donation? PV =
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:5. The philanthropist, who announced today that he will donate 100,000 TL to the LÖSEV at the end of
each year, declared that these donations will continue in this amount forever. If the annual benchmark
interest rate in the market is 10 percent, what is the current economic value of this donation?
PV = =
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