conveyed with less than a full sentence, you may write bullet-point style . All abbreviations are consistent with those used in chapters 6 & 7 of Feenstra and Taylor where appropriate (e.g. can mean one thing in chapter 6 and another thing in chapter 7) 0) If you print out this.pdf and do your work directly on it, AND hand it in in class, you'll get one bonus point (1 BONUS pt.). 1a) Suppose it is December 31, 2019 and the world real interest rate is 4%. What is the present value of $1,000 received every December 31st for forever, if payments start December 31, 2020? (equation 6-1 on page 207 can help you here) (3 pts.] PV-1000 1b) Suppose it is December 31, 2019 and the world real interest rate is 4%. What is the present value of $1,000 received every December 31st for forever, if payments start December 31, 2019 (now)? (3 pts.)