Ralf Wilson wants to receive $25,000 in perpetuity and will invest his money in an investment that
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Ralf Wilson wants to receive $25,000 in perpetuity and will invest his money in an investment that will earn a return of 12 percent annually. Calculate what is the value of the investment that he needs to make today to receive his perpetual cash flow stream?
Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
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