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If a financial planner promised to pay you $100000 a year forever, what is the maximum amount of money you would pay him today if the interest rate in the market is 5%?

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 34P: You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make...

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