Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. (1 point) a perpetuity will make a sequence of ann

(1 point) A perpetuity will make a sequence of annual payments of 3400, 3560, 3720,...

70.2K

Verified Solution

Question

Finance

image

(1 point) A perpetuity will make a sequence of annual payments of 3400, 3560, 3720, ..., with the first payment coming a year from now. If the present value is 101111.11 dollars, what is the effective rate of interest? Answer = percent. (1 point) A perpetuity will make a sequence of annual payments of 3400, 3560, 3720, ..., with the first payment coming a year from now. If the present value is 101111.11 dollars, what is the effective rate of interest? Answer = percent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students