A cash flow is a growing annuity for the first 20 years and a simple perpetuity thereafter.The discount rate is 8%. The growth rate for the growing annuity portion is 12% and the first cash flow being $1000 received one year from today. All subsequent cash flows are at one year intervals. 

What is the present value of this cash flow?

Answer rating: 100% (QA)

To calculate the present value of the cash flow we need to find the present value of the growing a... View the full answer