42. You have the opportunity to buy a perpetuity which pays $1,000 annually. Your required rate of return on this investment is 15 percent. What is the value of the perpetuity? a. $5,000.00 b. $6,000.00 c. $6,666.67 d. $7,500.00 e. $8,728.50 43. In 1988 the average cost for one year at a certain school was $1,800. Thirty years later, in 2018, the average cost was $13,700. What was the growth rate in cost over the 30- year period? a. 12% b, 9% c. 6% d.7% e. 8% South Penn Trucking is financing a new truck with a loan of $10,000 to be repaid in 5 annual end-of-year installments of $2,504.56. What annual interest rate is the company paying? 44. a, b. c. 7% 8% 9% 10% 11% d. e. 45. You just put $1,000 in a bank account which pays 6 percent nominal annual interest compounded monthly. How much will you have in your account after 3 years? a. $1,006.00 b. $1,056.45 c. $1,180.32 d. $1,191.00 e. $1,196.68