How does a perpetuity differ from an annuity

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1. A savings account advertises that "interest is compounded continuously and paid quarterly." What does this mean?

2. Give an example of a perpetuity. How does a perpetuity differ from an annuity?

3. Explain how to determine the present value of an uneven cash flow stream.

4. Evaluate the following statement: "The development of powerful, inexpensive microcomputers has made the hand calculator as obsolete as the slide rule."

Reference no: EM131339063

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