1. Perpetuity A pays $100 at the end of each year. Perpetuity B pays $25 at the end of each quarter. The present value of perpetuity A at the annual effective rate of interest i is $2,000. What is the present value of perpetuity B at the same annual effective rate of interest i? A. Less than $2,020 B. At least $2,020, but less than $2,025 C. At least $2,025, but less than $2,030 D. At least $2,030, but less than $2,035 E. At least $2,035