pls explain and answer without excel

0 / 1 point Question 1 You are going to purchase a growing annuity. The growing annuity will make 25 annual payments. The first payment of $5,265 will be received 1 year from today. The payments are expected to increase by 5.2% per year. You have a required rate of return of 10.1% compounded annually. How much should you pay for the growing annuity? Your answer should be accurate to two decimal places. Answer: 56,786x (73,020.90) Question 2 0 / 1 point You are going to purchase a perpetuity. The perpetuity will make annual payments of $2,475 per year. The first payment will be received 1 year from today. You have a required rate of return of 14.7% compounded annually. How much should you pay for the perpetuity? Your answer should be accurate to two decimal places. Answer: 678 x (16,836.73) Question 3 0 / 1 point You just purchased a perpetuity for $53,515. The perpetuity will make annual payments. The first payment of $2,372 will be received 1 year from today. You have a required rate of return of 12.1% compounded annually. What is the expected growth rate of the payments? You answer should be shown as a percentage and it should be accurate to two decimal places. Answer: 5,678 x (7.67)