You win a competition which is to pay you £2,000 forever. You receive the first payment today. If the annual interest ra
Posted: Mon Nov 15, 2021 5:04 pm
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
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