Mathematics · Annuity and Financial Mathematics
Sunny is to receive $40,000 annually in perpetuity starting in one year. Using an annual interest rate of 5%, what is the present value of this perpetuity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$1,200,000
- 2$1,000,000
- 3$800,000✓
- 4$600,000
Correct answer
$800,000
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