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13. What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 a b.

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13. What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 a b. C. d $5,513 $5,788 . 14. Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years? $28,532 $29,959 $31,457 $33,030 $34,681 . b. C. d

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