What is the present value of a perpetuity of annual payments where the first payment is in one year and each payment is $4599.99? assume that time zero is now and the effective interest rate per year is 14%

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
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7. What is the present value of a perpetuity of annual payments where the first payment is in one year and each payment is $4599.99?

assume that time zero is now and the effective interest rate per year is 14%.

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