Suppose that you have inherited a perpetuity that will pay $ 3,000 one year from now, each of the following annual payments will be 5% larger than the prior payment. Assuming that the annual opportunity cost of capital is 15%, what is the value of this perpetuity today? Round your final answer to two decimals.

Respuesta :

Answer:

The answer is $30000

Explanation:

PV = Pmt/ (i-g)

PV= $ 3,000 / 0.15-0.05= $30000

Present value of this perpetuity is $30000

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