Question: Can you please show me (step by step) how to solve ? 1. An investment offers $4,350 per year for 15 years, with the first

Can you please show me (step by step) how to solve ?

1. An investment offers $4,350 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?

2. First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan?

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