answer all 3 questions with full work

September 25, 2022 at 4:01 PM 1. You want to transfer some of your current wealth into a stream of uniform payments for the next 20 years (starting in one year). A finance company offers to pay you $5,000 per year. Your discount rate (interest rate) is 7%. What is a fair price for you to pay for this stream of cash flows? 2. You plan to retire in 35 years. At the end of each year, you plan on saving $15,000, and your bank pays you 2% annual interest. How much will you have saved by the time you retire? 3. What is the value of a perpetuity paying $100 per year, if the payments start in 11 years and the interest rate is 3% ? To clarify, there are NO payments for the first 10 years then $100 per year thereafter, forever