Question: please show work! ill leave a like! 8 You are willing to pay $14,625 now to purchase a perpetuity which will pay you and your

please show work! ill leave a like!

8 You are willing to pay $14,625 now to purchase a perpetuity which will pay you and your heirs $1.450 each year, forever starting at the end of this year. If your required rate of return does not change, you would be willing to pay $__ If this were a 20-year annual payment, ordinary annuity instead of perpetuilty peep zero decimal place) Os in the bank

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