Find the present value of the following perpetuity. Perpetuity Payment Made Payment Period Interest Conversion At: Rate Period $130 end 3 months 8.6% monthly The present value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the present value of the following perpetuity. Perpetuity Payment Made Payment Period Interest Conversion At: Rate Period $130 end 3 months 8.6% monthly The present value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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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Question

Find the present value of the following perpetuity.
Perpetuity
Payment
Payment
Period
Made
Interest
Conversion
At:
Rate
Period
$130
end
3 months
8.6%
monthly
The present value is $.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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