Question and Answer

What should you be willing to pay now in order to receive $12,000 annually forever starting 40 years from now if you require 8.5% on the investment?

What should you be willing to pay now in order to receive $12,000 annually forever starting 40 years from now if you require 8.5% on the investment?

  • A. $5,402
  • B. $5,861
  • C. $5,493
  • D. $5,054