You win a competition which is to pay you £2,000 forever. You receive the first payment today. If the annual interest ra

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answerhappygod
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You win a competition which is to pay you £2,000 forever. You receive the first payment today. If the annual interest ra

Post by answerhappygod »

You win a competition which is to pay you £2,000 forever. You
receive the first payment today. If the annual interest rate is 4%
the present value of this prize is:
a. £52,000 b. £63,000 c. £26,000 d. £87,000
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