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A rich relative has bequeathed you a growing perpetulty. The first peyment will occur in a year and will be $5,000. Each year after that,

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A rich relative has bequeathed you a growing perpetulty. The first peyment will occur in a year and will be $5,000. Each year after that, you will recoive a paymert on the anriversary of the int payment that is 3% larger than the last payment. This pattern of payments will go on forever. Assume that tho intorest 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.)

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