Answer:
-8/1 or -8
Step-by-step explanation:
when you subtract a negative, it means add. so first lets add the one. we get -8 1/3. then we can add the 1/3. our final answer is -8
This cash flow is a perpetuity. To find the present value of perpetuity, we use the equation of
Pv=C÷r
Pv=39,000÷0.058
Pv=672,413.79
