Compute the present value (PV) of an annuity that pays $320 forever if the opportunity cost is 10 per cent

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 17PROB
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Annuity
Compute the present value (PV) of an annuity
that pays $320 forever if the opportunity cost is
10 per cent
Transcribed Image Text:Compute the present value (PV) of an annuity that pays $320 forever if the opportunity cost is 10 per cent
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