1) What is the present value of a series of payments received each year for 5 years, starting with $200 paid one year from now and the payment growing in each subsequent year by 1%? Assume a discount rate of 2%.

Please round your answer to the nearest hundredth.

2) What is the present value of a series of payments received each year for 9 years, starting with $300 paid one year from now and the payment growing in each subsequent year by 3%? Assume a discount rate of 5%.

Please round your answer to the nearest hundredth.

3) What is the present value of a series of payments received each year forever, starting with $100 paid one year from now and the payment growing in each subsequent year by 6%? Assume a discount rate of 9%.

Please round your answer to the nearest hundredth.

4) What is the present value of a series of payments received each year forever, starting with $300 paid one year from now and the payment growing in each subsequent year by 10%? Assume a discount rate of 12%.

Please round your answer to the nearest hundredth.