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." a. Calculate the present value of your payments to the bank if the interest rate is 4.50%. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 17.50% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Is this a good deal? a. Calculate the present value of your payments to the bank if the interest rate is 4.50%. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 4.50% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Is this a good deal? Yes No