Question: Please show compete work. Thank you 5) A perpetuity makes payments starting five years from today. The first payment is $1,000 and each payment thereafter

Please show compete work. Thank you

5) A perpetuity makes payments starting five years from today. The first payment is $1,000 and each payment thereafter increases by k% per year. The present value of this perpetuity is equal to $4,096 when computed at i=25%. Find k. 6) A loan is being repaid by quarterly installments of $1,500 at the end of each quarter at 10% convertible quarterly. If the loan balance at the end of the first year is $12,000, find the original loan balance

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