Capital value find the capital values of the properties in exercise.
a castle for which annual rent of $225,000 will be paid in perpetuity; the interest rate is 6% compounded continuously.

P = $ 211,897

Step-by-step explanation:

Given data:

annual rent of $225,000

interest rate 6% = 0.06

compounded yearly = t =1 yr

total amount ic calculated as

where P is capital value

plugging all value to get capital value

P = $ 211,897

is it 35

step-by-step explanation:

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