Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
bigexternal bigexternal
wrote...
Go to Answer
Posts: 1279
Rep: 2 0
7 years ago
A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the nominal annual rate (APR) on the perpetuity?
A) 18.33%
B) 9.17%
C) 19.96%
D) 13.42%
E) 15.15%
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
Read 122 times
2 Replies
We're using: Corporate Finance Online (Eakins, McNally)
Replies
Answer verified by a subject expert
BlimpBlimp
wrote...
#1
Top Poster
Posts: 500
Rep: 25 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

Related Topics

bigexternal Author
wrote...
#2
7 years ago
I was skeptic but after double checking it checks out, thanks
We're using: Corporate Finance Online (Eakins, McNally)
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  531 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 109
  
 321
  
 1692
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: What's your favorite math subject?