Homework Help: Finance

Posted by Peter on Thursday, September 10, 2009 at 6:12pm.

You belong to an unusual pension plan because your retirement payments will continue forever (and will go to your descendants after you die). If you will receive $30,000 per year at the end of each year starting 25 years from now, what is the present value of your retirement plan if the discount rate is 5.5%?

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