Calculate the present value of a perpetuity that will pay out $1,500 every month and the first payment is to be made 10 years from now. The interest rate earned is 9% compounded annually.
▸ $81,587
▸ $82,199
▸ $92,761
▸ $88,546
▸ $87,913
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Question
Calculate the present value of a perpetuity that will pay out $1,500 every month and the first payment is to be made 10 years from now. The interest rate earned is 9% compounded annually.
▸ $81,587 ▸ $82,199 ▸ $92,761 ▸ $88,546 ▸ $87,913
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