A certain investment promises to pay you $2,500 per year forever with the first payment starting 5 years from now. If you can earn a 5% return on similar investments, what's the most you would pay for this investment today?
A certain investment promises to pay you $2,500 per year forever with the first payment starting 5 years from now. If you can earn a 5% return on similar investments, what's the most you would pay for this investment today?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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7) A certain investment promises to pay you $2,500 per year forever with the first payment starting 5 years from now. If you can earn a 5%
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