Question: please solve this problem without using excel and show all steps The present value of a perpetuity paying I every year with first payment paid

please solve this problem without using excel and show all steps

The present value of a perpetuity paying I every year with first payment paid immediately is 12.21 at an annual effective rate of discount i. Another perpetuity paying Revery three years with the first payment due at the end of year four has the same present value at an annual effective rate of i +0.01. Calculate R A. 4.000 B.4.006 C. 4.012 D. 4.018 E. 4.024

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