Mathematics

17.03.2023 12:02

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What must be the annual payment you receive in order to earn 6.3% rate of return

What must be the annual payment you receive in order to earn 6.3% rate of return on a perpetuity that has a price of $245.1? (Answer in $s to the nearest cent, i.E. Xx.Xx, with no $-sign or commas needed.)

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clevelandjaniya1

4,4(2 marks)

$2961.41. I hope this helps

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What must be the annual payment you receive in order to earn 6.3% rate of return

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