Problem 5-23, A local bank pays you for a lifetime

Fundamentals of Corporate Finance

Brealey, Myers, and Marcus

10th Edition

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A local bank will pay you every year for your lifetime. What is the interest rate that the bank is paying?

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  • Search Terms: $ $, (enter (lo) (lo-) problem - a answers as at bank decimal deposit each end for forever, if in interest is lifetime live local of pay paying? percent perpetuities perpetuities. places.) plan rate rounded the to today. what will year you your
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