Annual Compounding - Finance Department
$500 per year, forever, with the first payment two years from today. c. $2,420 per year, forever, with the first payment three years from today. Given an interest rate of 10 percent per year, what is the value at the end of year 5 of a perpetual stream of $120 annual payments starting at the end of year 9? Harris, Inc., paid a $3 dividend ... ................
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