Let 1000 be invested at the end of each year in perpetuity


Let $1000 be invested at the end of each year in perpetuity. The interest rate is 8% per year. (a) Calculate the present value (PV) of the investment to the nearest cent after : (i) 1 year (ii) 10 years (iii) 50 years (iv) 100 years

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Financial Management: Let 1000 be invested at the end of each year in perpetuity
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