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1) Please answer the following questions: a) What is the present value today of a 20-year annuity of $1,000 per payment if the discount rate

1) Please answer the following questions: a) What is the present value today of a 20-year annuity of $1,000 per payment if the discount rate is 10% and the first payment is 1 year from now? b) What is the present value today of a 20-year growing annuity if first payment is $1,000 and each successive payment grows at 3%? Assume the discount rate is 10% and the first payment is 1 year from now? c) What is the present value today of a perpetuity if each payment is $1,000? Assume the discount rate is 10% and the first payment is 1 year from now? d) What is the present value today of a growing perpetuity if first payment is $1,000 and each successive payment grows at 3%? Assume the discount rate is 10% and the first payment is 1 year from now

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