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 percent, of a $ payment made every year forever?
Note: Round your percentage answer to decimal places ie should be entered as
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
