Konstantin has a perpetuity due that pays $$1716\mathrm{.}90$ annually. Tne nominal interest rate is $5\mathrm{.}850\%$ compounded quarterly. What is the present value of his perpetuity?

Question $3$ Answer

a$.$

$$27,995\mathrm{.}20$

b$.$

$$28,712\mathrm{.}67$

c$.$

$$28,603\mathrm{.}80$

d$.$

$$30,429\mathrm{.}57$

e$.$

$$29,212\mathrm{.}39$