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| rev | Admin | (Created page with "'''Solution: D''' The present value of the first year's payments is: <math display="block"> \begin{aligned} & 1.08^{\frac{1}{12}}-1=0.00643403 \\ & 500 a_{\overline{12} \mid 0.006434}=5756.43 \end{aligned} </math> This perpetuity can be thought of as a geometrically increasing perpetuity-due with first payment 5756.43. The present value is: <math display="block"> \begin{aligned} & 5756.43\left[\frac{1}{0.08-0.05}\right] 1.08 \\ & =207,231.44 \end{aligned} </math>...") | Nov 18'23 at 21:14 | +500 |