Ordinary annuities whose payments or receipts are continue forever is called perpetuity. Formula for present value of perptutiy is describe below:
Mr. Karim wishes to find out investments which return Rs. 10,000 forever, discounted at 10 percent?
Financial Management: Theory and Practice, Dr Eugene F Brigham & C Micheal Ehrhardt
Fundamentals of Financial Management: Concise Edition, Brigham Houston
The Economist Guide to Financial Management, John Tennet
Financial Management: Core Concepts, Raymond M Brooks