Business Finance Homework Help

Business Finance Homework Help. Need help with a Finance question about present values

What is the present value of a 12 year $6,000 annuity due if the discount rate is 10%?

I got 44,970. Am I correct?

What would the present value be if a person received $900 in perpetuity and the interest rate is 16%? I got 5,625. Am I correct?

Business Finance Homework Help

 
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