Use excel format for answer Problem $6\mathrm{.}5$: At a discount rate of $7\mathrm{.}5\%,$ find the present value of a perpetual payment of $$1,500$ per year. If the discount rate is cut to $4\mathrm{.}5\%,$ what is the value of the perpetuity?

Hint: See formula $6-5$ on page $173$

$\backslash$table$[[$Perpetuity PMT$,],[$i$,],[,],[$PV$,]]$

$\backslash$table$[[$Perpetuity PMT$,],[$i$,],[,],[$PV$,]]$