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A perpetuity-immediate has payments that increase by 1 per period forn periods, from 1 to n, and then remain at n forever. Which of

A perpetuity-immediate has payments that increase by 1 per period forn periods, from 1 to n, and then remain at n forever. Which of the following are correct expressions for the present value of this perpetuity? I. in II. - (Da),n III. (Ia),+ u IV. (Ia)+ ?va-1 () III only (b) II and III only (c) II, III and IV only (d) I, II, III and IV (e) The correct answer is not given by (a), (b), (c), or (d).

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