Question: PLEASE HELP!! I just need to see the work for these to make sure mine is correct. a) You've just inherited an annuity that pays

PLEASE HELP!! I just need to see the work for these

PLEASE HELP!! I just need to see the work for these to make sure mine is correct.

a) You've just inherited an annuity that pays $25,000 per year for the next 35 years (first payment in 1 year). If your discount rate is 11%, what is the present value of your annuity? Answer: $221,381 b) What if the first payment is today? Answer: $245,733 c) If it pays $25,000 per year forever, what is the present value? Answer: $227,273 d) If it pays $25,000 next year, and this amount grows by 4% per year forever, what is the present value of your growing perpetuity? Answer: $357,143 a) You've just inherited an annuity that pays $25,000 per year for the next 35 years (first payment in 1 year). If your discount rate is 11%, what is the present value of your annuity? Answer: $221,381 b) What if the first payment is today? Answer: $245,733 c) If it pays $25,000 per year forever, what is the present value? Answer: $227,273 d) If it pays $25,000 next year, and this amount grows by 4% per year forever, what is the present value of your growing perpetuity? Answer: $357,143

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