Question
Find the present value of the following perpetuity. Perpetuity Payment Made At: Payment Period Interest Rate...
Find the present value of the following perpetuity.
|
Perpetuity Payment |
Made At: |
Payment Period |
Interest Rate |
Conversion Period |
|
$2,400 |
end |
1 year |
11.8% |
semi-annually |
The present value is $__.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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