A local bank advertises the following deal: Pay us $100 at the end ofeach year for 10 years and then we will pay you (or your beneficlarles) $100 at the end of each year forever a. Calculate the present value of your payments to the bank if the interest rate is 6% ( Do answer to 2 declmal places.) not round Intermedlate calculations. Round your Present value b. What is the present value of a $100 perpetulty deferred for 10 years if the interest rate is 6 % ( Do not round Intermedlate calculations. Round your answer to 2 declmal places.) Present value C. Is this a good deal? Yes No