This question is worth 10 marks. Please show the formulas that you are using and calculations.

For each of the following compute the PV:

a. Future value of $13,827 (lump sum) in 6 years at an interest rate of 7%

b. Future Value of $43,852 (lump sum) in 9 years at an interest rate of 15%

c. A perpetuity of $2,600 with an interest rate of 8%

d. A stock with a dividend that will paid forever starting $5 with a growth rate of 6% and a discount rate of 11%