An endowment pays $20,000 every year forever with the first payment beginning today. If the discount rate

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An endowment pays $20,000 every year forever with the first payment beginning today. If the discount rate is 5.53%, what is the present value of the endowment?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Apr 06, 2024 04:23 AM

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An endowment pays $20,000 every year forever with the first payment beginning today. If the discount rate

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Answer Perpetuity Formula The present value PV of a perpetuity is calculated using the followi... View the full answer

Principles of Finance

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