Please show the formula used. Find the present value, in pesos, given an annual perpetuity of 1,000 pesos with 5% annual interest.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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Please show the formula used.

Find the present value, in pesos, given an annual perpetuity of 1,000 pesos with 5% annual interest. 

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