4. Your uncle owns a perpetuity that pays $25,870 per year. If he is willing to sell it to you, what price would you pay for it now, if the appropriate interest rate is 6.35% per year? PV = Pmt/ 5. Suppose you inherited $500,000 and invested it at 5,05% per year, with annual compounding. How much could you withdraw at the end of each of the next 30 years