Question: please answer 5-6 ity. True or false? Explain. 5-6 The present value of a perpetuity is equal to the payment on the annuity, PMT, divided

please answer 5-6

ity. True or false? Explain. 5-6 The present value of a perpetuity is equal to the payment on the annuity, PMT, divided by the interest rate, 1: PV - PMT/L. What is the future value of a perpetuity of PMT dollars per year? (Hint: The answer is infinity, but explain why.) 5-7 Banks and other lenders are required to disclose a rate called the APR. What is this rate? LE

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