Suppose an annuity pays $3000 pa at the end of the year earning an annual return of 12 percent for 30 years. What is the present value?   What is the present value of an annuity of $3000 that goes on forever, thus is a perpetuity if the interest rate is 12%

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 7Q
icon
Related questions
Question

Suppose an annuity pays $3000 pa at the end of the year earning an annual return of 12 percent for 30 years. What is the present value?

 

What is the present value of an annuity of $3000 that goes on forever, thus is a perpetuity if the interest rate is 12%

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College