Jack borrows $ 1,000 from his local bank which charges their loans. Later that same day, Jack decides to prepay the first year's interest and the bank agrees. How much does Jack pay the bank that day? an annual interest rate of i for all A. $1000 times i B. $1000 times d C. $1000 times v D. $i None of the above E. .. Which of the following is closest to the portion of the present value of a continuous perpetuity that is paid in the first year when i 10%?