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Find the present value of perpetuity of ₹600 at end of each quarter if money is worth 8% compounded quarterly. |
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Answer» R = ₹600 \(i=\frac{0.08}{4}\) = 0.02 Present value of perpetuity = P = \(\frac{R}{i}\) ⟹ P = \(\frac{600}{0.02}\) = ₹30,000 |
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