A perpetuity provides payments at the end of each year. Each of the first 18 payments is for an amount X. Starting with the 19th payment, the payments increase by 1 each period, so the 19th payment is X+1, the 20th is X+2, etc. At an annual effective interest rate of 3%, the present value of the perpet uity is 3000. Calculate X (A) 177 (B) 161 (C) 70 (D) 63 (E) 58 A perpetuity provides payments at the end of each year. Each of the first 18 payments is for an amount X. Starting with the 19th payment, the payments increase by 1 each period, so the 19th payment is X+1, the 20th is X+2, etc. At an annual effective interest rate of 3%, the present value of the perpet uity is 3000. Calculate X (A) 177 (B) 161 (C) 70 (D) 63 (E) 58