Question: What's the present value, when interest rates are 8 . 5 percent, of a $ 1 0 5 payment made every year forever? Note: Round

What's the present value, when interest rates are 8.5 percent, of a $105 payment made every year forever?
Note: Round your percentage answer to 2 decimal places (i.e.,0.1234 should be entered as 12.34).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!