Suppose auburn plans to pay coach malzahn a perpetuity if
Suppose Auburn plans to pay Coach Malzahn a perpetuity if he wins a National Championship this season. The payment will be $37,000 each year for the rest of his life. Assume a 6% real interest rate. What is the present value of the perpetuity?
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suppose auburn plans to pay coach malzahn a perpetuity if he wins a national championship this season the payment will
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