Finance Assignment | Professional Writing
June 3rd, 2020
You would like to purchase a delayed perpetuity, which pays $2400 every year. You would like this perpetuity to start 27 years later.
The asset requires you to make the same deposit every year starting from today and end a year before the perpetuity starts. How much is the deposit every year? The interest rate is at 9%. (Round to Integer)
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