33. The process of finding present values is frequently called a. leasing b. annualizing c. discounting d. compounding 34. A relative has left you a growing perpetuity. The first payment will occur in a year and will be S1,000. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the last payment. This pattern of payments will go on forever. If the interest rate is 12% per year, what is today's value of the perpetuity? a. $8,333 b. $12,500 c. $2,500 d. $25,000 35. Finding the discounted current value of $1,000 to be received at the end of each of the next 5 years requires calculating the a. future value of an annuity b. future value of a single sum c. present value of an annuity d. present value of a single sum