A local bank advertises the following deal: "Pay us $100 at the end of each year for 10 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever."\ \ Calculate the present value of your payments to the bank if the interest rate is 6.75%.\ \ Note: Do not round intermediate calculations. Round your answer to 2 decimal places.local bank advertises the following deal: "Pay us $100 at the end of each year for 10 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever."\ \ Calculate the present value of your payments to the bank if the interest rate is 6.75%.\ \ Note: Do not round intermediate calculations. Round your answer to 2 decimal places.\ \ \ \ What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 6.75%?\ \ Note: Do not round intermediate calculations. Round your answer to 2 decimal places.\ \ \ \ Is this a good deal?\ \ multiple choice\ Yes\ No\