If the annual interest rate is i, the present value of $X to be received at the end of each future year forever is:
a. $X/(1 + i)
b. $X/i
c. $X/(1 + i) n
d. $X/i n
e. $X n /i n
Answer: b. $X/i
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The Federal Reserve was created in
A) 1893. B) 1913. C) 1921. D) 1933.
Which of the following is the best example of a good or service with an external benefit?
A) gasoline B) education C) garbage disposal D) fertilizers E) bread
Off-budget expenditures:
What will be an ideal response?
The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 The IIT share is zero for ________ in Country A and for ________ in Country B.
A. clothing; pharmaceuticals B. automobiles; pharmaceuticals C. clothing; automobiles D. pharmaceuticals; pharmaceuticals