Answer:
PV= $40,000
Explanation:
Giving the following information:
Perpetuity of $6,000 per year beginning one year from today is said to offer a 15% interest rate.
To calculate the present value, we need to use the following formula:
PV= Cf/i
Cf= cash flow
i= interest rate
PV= 6,000/0.15
PV= $40,000
