A rich relative has bequeathed you a perpetuity. The first payment will occur one year from today and will be $5,000. Each year after that, on the anniversary of the last payment, you will receive a payment of $5,000. This pattern of payments will go on forever. You can borrow and lend at a risk-free rate of 10%, compounded annually. 13. What is the value of the gift today (at time t=0 )? a. $41,322.31 b. $45,000.00 c. $45,454.55 d. $49,500.00 e. $50,000.00 f. $55,000.00 g. $60,500.00 14. Now assume we are at time t=1 and the $5,000 was paid to you yesterday. Ignoring the first payment, what is the time t=1 value of the gift? a. $41,322.31 b. $45,000.00 c. $45,454.55 d. $49,500.00 e. $50,000.00 f. $55,000.00 g. $60,500.00