A perpetuity-immediate with annual payments of $600 costs $8,000. At the same interest rate, an annuity-immediate with 10 payments beginning at P and increasing by $150 each year has the same price. Calculate P. (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 123.45) Homework Answered Due Nov 29th, 11:59 PM Isaac purchases a 20-year annuity paying $800 at the end of the first year, $1,000 at the end of the second year, $1,200 at the end of the third year, etc. The annual effective interest rate is 4%. Calculate the price of this annuity. (use a decimal number, rounded to the nearest 100th, without $ sign. For example, 12345.67)