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A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be$ 2 , 0 0 0
A rich relative has bequeathed you a growing perpetuity. The
first payment will occur in a year and will be$Each year afterthat you will receive a payment on the
anniversary of the last payment that islarger than the last payment. This pattern of payments will go
on forever. Assume that the interest rate isper year.a What istodays value of thebequestb What is the value of the bequest immediately after the first
payment ismade
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