What is the present value of a perpetuity of $9,393 per year given an interest rate...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66495e2820ecf_26366495e2774bc5.jpg)
Transcribed Image Text:
What is the present value of a perpetuity of $9,393 per year given an interest rate of 7.3%, assuming that the first cash flow occurs today (that is, in year O)? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25. What is the present value of a perpetuity of $9,393 per year given an interest rate of 7.3%, assuming that the first cash flow occurs today (that is, in year O)? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12,327.24987 as 12327.25.
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
A 25,000 kW turbo-generator is supplied with 128,000 kg/h of steam at 2.50 MPa and 400C when developing it rated load. There are actually extracted 10,400 kg h at 0.3 MPa and 8300 kg/h at 0.06 MPa....
-
A three-point bending test was performed on an aluminum oxide specimen having a circular cross section of radius 3.5 mm (0.14 in.); the specimen fractured at a load of 950 N (215lbf) when the...
-
Outline some of the key questions a smaller business needs to address to find the most suitable accounting software product for its needs.
-
What objective should be of primary importance in the selection of a depreciation method for income tax reporting?(Appendix)
-
Assume you are the division controller for Auntie Ms Cookie Company. Auntie M has introduced a new chocolate chip cookie called Full of chips, and it is a success. As a result, the product manager...
-
7. Which assets play the most critical role in linking the major institutions that make up the global financial marketplace
-
Olive A/S, incorporated with an authorised capital consisting of one million ordinary shares of ¬1 each, employs 646 persons, of whom 428 work at the factor y and the rest at the head office. The...
-
Which of the following statements is accurate? Select one: O a. Technical communication helps advance workplace goals. b. Technical communication helps us interact with technology in our daily lives....
-
What is the justified trailing price-to-earnings (P/E) multiple of a stock that has a payout ratio of 42 % if the shareholders require a return of 10% on their investment and the expected growth rate...
-
How much do you need to invest in your high-interest investment account each month if you want to retire with $2.5 million 36 years from now? Assume a 1% monthly interest rate, with a monthly...
-
Justin Manufacturing wants to compute for the inventory valuation of its raw materials. Below are the data for the month of June: June 1 Balance1, 000 @ P4.00 June 3 Issued100 June 5Purchased500 @...
-
Nickerson Inc., a health services firm, is expected to grow rapidly in the next two years and then have a level growth rate of 6 percent per annum for the foreseeable future. The firm expects free...
-
QUESTION 3 L Puffin Inc., a public company, acquired 75% of Sandpiper Inc.'s ordinary shares on January 1, 2017 for $480,000 cash and accounted for the investment using the cost method. At the date...
-
make recomendation based on: Tropical Jungle collection is expected to generate $25,776 in sales after markdown, with a markdown cost of $6,444. The Beach Life collection is expected to generate...
-
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
-
Identify the main users of accounting information for a university. For what purposes would different user groups need information? Would these groups use the accounting information in a different...
-
List the seven steps in the accounting cycle in the order in which they occur and explain what occurs at each step of the accounting cycle. LO18
-
Identify each of the following categories of accounts as temporary or permanent: assets, liabilities, equity, revenues, expenses, dividends declared. How is the distinction between temporary and...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App