tiffneypinto tiffneypinto

10-11-2019
Business

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whats the percent value of a $150 payment made every year forever at an interest rate of 73%?

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Adedokuntunde6 Adedokuntunde6

11-11-2019

The answer $205.48

Explanation

Since the amount is $150, rate is 73%

PV to perpetuity = $150/0.73

=205.48

Therefore the answer is $205.48

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