I'nsi'iit Millie riic hoard ot directors of a coipor.ilion is calculating the price to
Chapter 7, Problem 83(choose chapter or problem)
I'nsi'iit Millie riic hoard ot directors of a coipor.ilion is calculating the price to pay for a business that is forecast to yielda continuous flow of profit of $500,000 per year. If money will earn a nominal rate of 5% per year compounded continuously,what is the present value of the business(a) for 20 years'(b) lore\er(in perpetuity)?{New: The present \alue for t years is /,'" 500,000f """" i/r.)
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