$\backslash$table$[[$Increase Text,D$],[$Question $13,],[$Not yet,$],[$answered$,],[$Marked out of$,],[20\mathrm{.}00,],[$P Flag,$],[$question$,]]$

What is the present value of a receiving a payment each year, with the first payment of $471$ starting in $13$ years time and the payment will grow at $4\mathrm{.}6\%$ per annum forever thereafter? The appropriate discount rate is $7\%$ is per annum.

Enter your answer as a number only. Do not include any currency symbols. Your answer must be correct to two place of decimal and must include $2$ places of decimal, e$.$ if your answer was $1,000.$ You must answer $1000\mathrm{.}00$ or $1,000\mathrm{.}00$ for your answer to be marked correct.

Answer

$\backslash$table$[[$Increase Text,Decrea$],[$Question $14,],[$Not yet,$],[$answered$,],[$Marked out of$,],[10\mathrm{.}00,],[$P Flag,$],[$question$,]]$

What is the PV of $1869$ that will be received in $14$ time? Assume a discount rate of $87$

Enter your answer as a number only. Do not include any currency or percentage symbols. Your answer must be correct to two place of decimal and must include $2$ places of decimal, e g$.$ if your answer was $1,000.$ You must answer $1000\mathrm{.}00$ or $1,000\mathrm{.}00$ for your answer to be marked correct.

Answer$-$