Mini Case This Mini Case is available in MyFinanceLab. For your job as the business reporter for a local newspaper, you are given the task of putting together a series of articles that explain the power of the time value of money to your readers. Your editor would like you to address several specific questions in addition to demonstrating for the readership the use of time value of money tech- niques by applying them to several problems. What would be your response to the following memorandum from your editor? To: Business Reporter From: Perry White, Editor, Daily Planet Re: Upcoming Series on the Importance and Power of the Time Value of Money In your upcoming series on the time value of money, I would like to make sure you cover several specific points. In addition, before you begin this assignment, I want to make sure we are all reading from the same script, as accuracy has always been the cornerstone of the Daily Planet. In this regard, I'd like a response to the following questions before we proceed: j. What is the present value of a $1,000 annuity for 10 years, with the first payment occurring at the end of year 10 (that is, ten $1,000 payments occur- ring at the end of year 10 through year 19), given a discount rate of 10 percent? k. Given a 10 percent discount rate, what is the present value of a perpetuity of $1,000 per year if the first payment does not begin until the end of year 10