You win a lawsuit in which the defendant is required to pay you $65,000 per month forever.
Fantastic news! We've Found the answer you've been seeking!
Question:
You win a lawsuit in which the defendant is required to pay you $65,000 per month forever. You can invest the monthly payments at an interest rate of 0.45%. Instead of monthly annual payments to perpetuity you decided to settle for a lump sum. How much should settle for today?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date: