Find future value of a perpetuity of pmt dollars per year


The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the interest rate, I: PV= PMT/I. What is the future value of a perpetuity of PMT dollars per year? (Hint: The answer is infinity, but explain why.)

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find future value of a perpetuity of pmt dollars per year
Reference No:- TGS048197

Expected delivery within 24 Hours