An investment promises to pay $30,000 p.a. in perpetuity beginning in 15 years time (t=15). How much
Fantastic news! We've Found the answer you've been seeking!
Question:
An investment promises to pay $30,000 p.a. in perpetuity beginning in 15 years time (t=15). How much is this series of cash flows worth to you in five years time (t=5) assuming an interest rate of 5.5% p.a.? Please round your answer to the nearest penny.
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
Posted Date: