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30. You currently own an annuity that will pay you $50 at the end of each year for 30 years. You would like to convert
30. You currently own an annuity that will pay you $50 at the end of each year for 30 years. You would like to convert it into a $50 perpetuity by paying an additional amount today. If the appropriate discount rate for all of the cash flows is 5.7%, then what amount should you have to pay today in order to convert the annuity into a perpetuity?| A. $877.19 B. $710.91 C. $166.28 it would take an infinite amount of money to convert an annuity into a perpetual cash flow D
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