andreacaban2816 andreacaban2816

12-02-2020
Business

contestada

Problem 5-68 Perpetuities and Effective Interest Rate (LO3) What is the value of a perpetuity that pays $100 every 3 months forever? The interest rate quoted on an APR basis is 6%.

Respuesta :

kaympoey08 kaympoey08

13-02-2020

Answer:

The answer is $6666.67

Explanation:

Quarterly interest rate = 0.06/4= 0.015

PV of Perpetuity = PMT/i= 100/0.015 = $6666.67

Answer Link

Otras preguntas

someone help me with this ..

2(n-3)=4n+1 ugh why does math have to be so confusing??

How do you write 7,330,968 in expanded form

A company used about 7.4 × 105 sheets of paper in a month. Of the paper used during the month, the accounting department used about 8.9 × 103 of the sheets. Abo

Explain the role of energy in changes of state.

1/2x+1/2x=x+1 Can someone show me how to do this???

accurate estimation of 96-38 a 45 b.50 c.55 d.60

What is the difference between evidence and inference?

1/2x+1/2x=x+1 Can someone show me how to do this???

The Miller family visited Mama's kitchen and ordered 4 hamburgers and 3 medium fries and paid $17.35. James ordered a medium drink , and a hamburger , and mediu