$20$

Growing Perpetuity $($and selling price$)$

$0\mathrm{.}2$ points

Carrie grandfather owns a farm. The farm earned $$230,000$ this year. The profits are expected to grow at $6\%$ per year forever. What is the value of the farm if the discount rate is $12\mathrm{.}25\%?$

$$

What is the expected selling price of the farm next year?

$$

How much did the farm appreciate $($as a percent$)?$

$\%$