4.You will receive an ordinary annuity payment of $2,500 each year. The rate on the annuity is 6%. How much will you be willing to pay today if you receive the money for 10 years, 20 years, 30 years, and if the payment lasts forever? What does this tell you about the relationship between time present value, and present value of annuities?

Future Cash Flows	Rate	Period	Period	Period	PVOA Factor 10	Present Value 10	PVOA Factor 20	Present Value 20	PVOA Factor 30	Present Value 30	Perpetuity
						Present Value 10		Present Value 20		Present Value 30