The Present Value of Perpetuity is simply an annuity whose promised payment extend out forever. This can also be referred to as the present value of the consol. 

Input Variables:

C - Payment made at the end of each infinite number of periods

r- Discount rate

Output for Formula:

Returns the Present Value of Perpetuity

Notes

Consol is a British bond that has no date of maturity and pays a fixed interest.