1.) Calculate the value of a perpetuity that pays $3302.73 at the end of each year at a rate of 4.10% compounded annually.

2. A perpetuity pays $131.49 at the beginning of each year at a rate of 5.95% per year compounded semi-annually.

a.) What is the annually compounded rate of interest which is equivalent to 5.95% compounded semi-annually?

b.) What is the value of this perpetuity today?

3.) An investment makes payments of $735 at the start of each year for 100 years. The rate or return of the investment is 5.6% compounded quarterly.

a.) What is annually compounded rate of interest which is equivalent to 5.6% compounded quarterly?

b.) What is the present value of this investment?