An investment pays 57000 every third-year triennial in


An investment pays $57,000 every third-year (triennial) in perpetuity. Your required rate of return is 8.4 percent, compounded monthly.

a. What is the value of this investment today, if the first payment occurs four years from today?

b. If the first payment occurred one year from today rather than four years from today, what would you pay for this investment today?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: An investment pays 57000 every third-year triennial in
Reference No:- TGS02620774

Expected delivery within 24 Hours