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what is the present value of a $200 perpetuity if the interest rate is 5%? round your answer to the nearest cent.
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what is the present value of a $200 perpetuity if the interest rate is 5%? round your answer to the nearest cent.

User Nbaroz
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1 Answer

1 vote

Answer:

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate a.Present value=600*[1-(1.14)^-14]/0.14 =600*

Step-by-step explanation:

User Wiley
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