Question: Need c. Please please please make sure its correct, I already posted this question 3 times!! but all were wrong!. Its not $2016.879!! Problem 2-41

 Need c. Please please please make sure its correct, I already

Need c. Please please please make sure its correct, I already posted this question 3 times!! but all were wrong!. Its not $2016.879!!

Problem 2-41 Perpetuities and continuous compounding If the interest rate is 13% compounded annually, what is the value of the following three investments? a. An investment that offers you $280 a year in perpetuity with the payment at the end of each year. (Round your answer to 2 decimal places.) Present value $ 2,153.85 b. A similar investment with the payment at the beginning of each year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 2,433.85 c. A similar investment with the payment spread evenly over each year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

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