1) Assume the appropriate discount rate is 5%. What is the value 10 years from today of a perpetual stream of $2000 payments that begins 11 years from today?

2) You make a $7000 balance on your credit card, which has an effective monthly interest rate of 1.25%. How many months will it take you to pay off the balance bu making monthly payments of $300?

1 1 Assume the appropriate discount rate is 5%. What is the value 10 years from today of a perpetual stream of $2,000 payments that begins 11 years from today? Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1000.50 should be entered as 1000.50. 3 points Numeric Response 00:58:15 2 You have a $7000 balance on your credit card, which has an effective monthly interest rate of 1.25%. How many months will it take you to pay off the balance by making monthly payments of $300? Do not round Intermediate calculations, Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should b entered as 1000.50 4 points 00:56:52 Numeric Response