A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $2,000. Each year after that, you will receive a payment on the anniversary of the last payment that is 5% larger than the last payment. This pattern of payments will go on forever. Assume that the interest rate is 13% per year. a. What is today's value of the bequest? b. What is the value of the bequest immediately after the first payment is made? a. What is today's value of the bequest? Today's value of the bequest is $. (Round to the nearest dollar.) You are thinking about buying a savings bond. The bond costs $59 today and will mature in 7 years with a value of $118. What annual interest rate will the bond earn? The bond will earn an annual rate of %. (Round to two decimal places.)