(Answered) You will receive a payment of 10000 per year forever

Economics

You will receive a payment of $10,000 per year forever; however the first payment will not begin for 9 years. If the appropriate interest rate is 7%, what is this worth today?

Is this 10,000/.07 for 142,857.14? Does it matter that the first payment is not for 9 years?

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Business Economics, Economics

Category:- Business Economics
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