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If the interest rate is 7 percent what is the value of the


If the interest rate is 7 percent, what is the value of the following three investments?

  1. An investment which offers you $100 a year in perpetuity with the payment at the end of each year,
  2. A similar investment with the payment at the beginning of the year
  3. A similar investment with the payment spread evenly over the year.

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Finance Basics: If the interest rate is 7 percent what is the value of the
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