Question: You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 13. The bank has offered the
You are considering buying a perpetuity that will make equal payments of $100 starting at the end of year 13. The bank has offered the following payment schedule: you would pay $290 in 3 years, $263 in 9 years, and an upfront fee today. How much do you have to pay today where the interest rate is 5.17%? (Round to 0.00 decimal places and enter as a positive number)
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