A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $$5,000.$

Each year after that, you will receive a payment on the anniversary of the last payment that is $8\%$ 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?