Annuity payments) to pay for your education, you/ve then out $22,000 in stutort loans. If you make monthly payments over 12 years at 7 percent conpondut monthly, he mother your monthly studert i www? G The monty payment of your student Round to the nearest cont) (Related to Checkpoint 6.4) (Present value of a perpetuity) What is the present value of a $4,000 perpetuity discounted back to the present at 13 percent? The present value of the perpetuity is $. (Round to the nearest cent.)