How much money is needed now to establish a perpetuity that pays $2,000 at the end of every quarter if the perpetuity earns 2.5% p.a. compunded quarterly, but the first payment is at the end of the...





How much money is needed now to establish a perpetuity that pays $2,000 at the end of every quarter if the perpetuity earns 2.5% p.a. compunded quarterly, but the first payment is at the end of the 9th quarter? Give your answer rounded to the nearest dollar.






Jun 02, 2022
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