Dayo has a 7 year annuity immediate making monthly payments that increase by $453.82 each period. The first payment is $P and the interest rate is i i(1)=8.932%$. The present value of the annuity is $1,397,542.56. What is P ? a. Q=$5,670.00 b. Q=$5,250.00 c. Q=$5,565.00 d. Q=$5,355.00 e. Q=$5,722.50 Certainty 3:OC=1 (Unsure: 67%)OC=3 (Quite sure: >80% ) A wealthy business man promises to donate $41,845.00 to charity every month for 10 years (at the start of every period). The current interest rate is 3.710% compounded daily, but it is projected to change to 2.340% (still compounded daily) after 6 years. What is the present value of the donation based on this projection? a. None of the other answers is correct. b. X=$4,538,458.02 c. X=$4,326,380.54. d. X=$4,496,042.52 e. X=$4,241,549.55. Certainty 0 : OC=1 (Unsure: 67% ) OC=3 (Quite sure: >80\%) Wing Sze has a perpetuity immediate making annual payments that grow geometrically at the rate r. The first payment is $9750.00, the present value of the perpetuity is $207,754.34 and the interest rate is i(4)=6.334%$. What is the growth rate r a. r=1.829% b. r=1.721% c. r=1.847% d. r=1.775% e. r=1.793% Certainty 3 : OC=1 (Unsure: 67% ) OC=3 (Quite sure: >80% )