Answer the following questions in the attachment and show your work. Thank you!

25. Perpetuities. British government 4% perpetuities pay f4 interest each year forever. Another bond, 2.5% perpetuities, pays $2.50 a year forever. (LO5-3) a. What is the value of 4% perpetuities if the long-term interest rate is 6%? b. What is the value of 2.5% perpetuities? Annuities. (LO5-3) a. What is the present value of a 3-year annuity of $100 if the discount rate is 6%? b. What is the present value of the annuity in part (a) if you have to wait 2 years instead of 1 year for the first payment