Ask a New Question

how much money is required to fund an ordinary perpetuity of $1000 quarterly if money can earn 6% compounded quarterly

using PV = PMT / i gives me:
1000/0.015 = 66 666.66

feels so wrong..

Ask a New Question or answer this question.

Similar Questions

Which of these is a mutual fund? (1 point)A. a fund that you share with your family to save in the bank B. a fund that pools
1. 1 answer
Which of these is a mutual fund? (1 point)a fund that you share with your family to save in the bank a fund used to pay shared
1. 1 answer
Which of these is a mutual fund? I find used by the government together text money. A fund that you share with your family to
1. 1 answer
If you want to start an emergency savings fund and want to make sure your money is available at any given time, which is the
1. 1 answer

more similar questions