Question: The formula ( Cr g ) ( 1 ( 1 + g ) T ( 1 + r ) T ) ( Cr - g
The formula CrggTrTCrggTrT gives the present value of an annuity with T cash flows that...
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has cash flows which arrive at evenly spaced intervals.
has cash flows that grow at a constant rate.
has a growth rate gg changes from period to period.
has a cash flow C that arrives today.
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