12 A local bank advertises the following deal: "Payus 5100 at the end of each year for 11 years and then we will you let your beneficiaries) S100 at the end of each year forever a. Calculate the present value of your payments to the bank of the interest rate is 8.50%. Do not round Intermediate calculation Round your answer to 2 decimal places.) DO b. What is the present value of $100 perpetulty deferred for 11 years in the interest rate is 8.505. Do not round intermediate calculations. Round your answer to 2 decimal places) Prosant c. Is this a good deal? No o Yes