The present discounted value of $500 received annually until the end of time at a 15% interest rate is $____.

Name: The present discounted value of $500 received annually until the end of time at a 15% interest rate is $____.
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The present discounted value of a perpetuity is calculated using the formula PV = P / r, where P is the payment per period and r is the interest rate. Here, P = $500 and r = 0.15, so PV = $500 / 0.15 = $3,333.33.

The Present Discounted Value of $500 Received Annually Until the End