How much more is a perpetuity of $ 1000 worth than an anuity of the same amount for 25 years? Assume an interest rate of 15% and cash flows at the end of each period?
How much more is a perpetuity of $ 1000 worth than an anuity of the same amount for 25 years? Assume an interest rate of 15% and cash flows at the end of each period?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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How much more is a perpetuity of $ 1000 worth than an anuity of the same amount for 25 years? Assume an interest rate of 15% and cash flows at the end of each period?
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