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A perpetuity pays 1 at the end of year 1, 2 at the end of year 2, 3 at the end of year 3,...n at

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A perpetuity pays 1 at the end of year 1, 2 at the end of year 2, 3 at the end of year 3,...n at the end of year n, and then pays n+1 thereafter. The present value of the annuity is 244.01 using an annual interest rate of 4%. Calculate n A) 9 B) 10 C) 11 D)12 E)13

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