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Homework answers / question archive / Find the present value of a perpetuity of 14,813:43

Find the present value of a perpetuity of 14,813:43

Finance

Find the present value of a perpetuity of 14,813:43. payable at the end of each quarter of money is worth 1.50 .compounded quarterly Wound oft auto 2 decimal places

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Quarterly interest rate=(1.58/4)%=0.395%=0.00395

Quarterly amount of payment in perpetuity=14813.43

PRESENT VALUE OF PERPETUITY=14813.43/0.00395=3,750,235.44

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