I know the formula is C/(r-g), but I have a problem where I need to get the PV of this... depositing $13,000 in two years, and thereafter payments every two years. Each payment is 10% higher than the previous payment. (interest rate was 15%)...
How do you do the perpetuity when the years are altenating?
Thanks!
How do you do the perpetuity when the years are altenating?
Thanks!