If a piece o property is expected to give benefits to ts owner of $8100 each year for a very long time (practically forever), what would be a good estimat of the property's value, if the interest rate is 4.9%? Note: do not put in any dollar signs or commas in your answer.

If a piece o property is expected to give benefits to ts owner of $8100 each year for a very long time (practically forever), what would be a good estimat of the property's value, if the interest rate is 4.9%? Note: do not put in any dollar signs or commas in your answer.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1QTD

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If a piece of property is expected to give benefits to its owner of $8100 each year for a very long time (practically forever), what would be a good estimate
of the property's value, if the interest rate is 4.9%?
Note: do not put in any dollar signs or commas in your answer.
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