Homework: Chapter 4 Homework Save Score: 0 of 1 pt 5 of 16 (7 complete) HW Score: 43.75%, 7 of 16 pts P 4-26 (similar to) Question Help A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $5,000 Each year after that you will receive a payment on the anniversary of the last payment that is 7% larger than the last payment. This pattern of payment will go on forover. Assume that the interest rate is 12% per year. a. What is today's value of the bequest? b. What is the value of the bequest immediately after the first payment is made? a. What is today's value of the bequest? Today's value of the bequest is $) (Round to the nearest dollar) Enter your own the swer box and then click Check Antwer 1 port coming 16 RR A @