1. What is the present value of $300 to be received at the end of each year in perpetuity? Assume a discount rate of 6%. Round to the nearest dollar

2. You expect to receive 7 annual cash flows of $3,000 each followed by a single payment of $10,000 at the end of year 8. If the discount rate is 7%, what is the present value of this combined annuity? Round to the nearest dollar

3. Consider a deferred annuity with 8 annual payments of $1,000 starting at the end of year 5. If the discount rate is 6%, what is the present value of this deferred annuity? Round to the nearest dollar