Assume Jimmy will receive $6,100 each year beginning one year from now for next 28 years (beginning next year). If the interest that applies is 9.3% and it compounds annually, what is the present value of the total amount of money Jimmy will receive? Be reminded of the fact the results shown through a financial calculator is based on the assumption that the first payment will be made one year from now. O $60.152.86 $80,138.71 O $77.236.42 O $56.245.65 Question 5 2.5 pts Which of the following is not true? O Perpetuities refer to a series of payments that will theoretically last forever, The present value of future cash inflows can change based on whether the interest rates compounds annually. semiannually or monthly. The present value of perpetuities tend to be higher when the perpetual payments will grow over time rather than staying constant (unchanged). The present value of annuities remain unchanged regardless of whether the payments will grow over time rather than staying constant (unchanged)