Question: . Starting from today ( t = 0 ) , you will make five annual deposits of $ 4 0 0 0 in a savings

. Starting from today (t=0), you will make five annual deposits of $4000 in a savings account (the last deposit occurs at t=4). At (t=4) you convert the entire value in the savings account into an annual perpetuity that makes its first payment one year from the last deposit (t=5). If the interest rate is 8%, what is the value you receive each year from the perpetuity?

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