A local bank advertises the following deal: Pay us $100 at the end of each year for 12 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever.

a) present a timeline for the above described deal

b) calculate the present value of your payments to the bank if the interest rate is %8.00

C) what is the present value of a 100$ perpetuity deffered for 12 years if the interest rate is %8.00

d) Is this a good deal? Explain your reasoning