a.What is the present value of a $300 perpetuity discounted back to the present at 8 percent?

b.)What is the present value of a perpetual stream of cash flows that pays $4,500 at the end of year one and the annual cash flows grow at a rate of 3% per year indefinitely, if the appropriate discount rate is 10%? What if the appropriate discount rate is 8%?

c.How long will it take to pay off a loan of $47,000 at an annual rate of 9% compounded monthly if you make monthly payments of $750?