Business, 13.11.2019 01:31 lindalu

An award is being established, and it will pay $11 comma 00011,000 every twotwo years, with the first installment being paid in twotwo years. the award will be given for an indefinitely long period of time. if the interest rate is 33% per annum, what lump-sum amount of money (invested now) will be required to endow this award forever?

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An award is being established, and it will pay $11 comma 00011,000 every twotwo years, with the firs...