1. A perpetuity is an annuity that continues forever.
2. What would be the interest rate on a loan of $9,981.78 that you paid off with annual payments
of $2,500 for each of the next five years?
3. What is the present value of $500 received a
1. A Pete and Jessica will go from 500 to 1,000.
C The neighbor was not correct. Stocks can split in many different
combinations. The split increases the number of public shares but the stock
value remains the