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P6-42 (a & b only) What is the present value of the following? Hint: See formula 6-5 on page 173 a. A $300 perpetuity discounted

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P6-42 (a & b only) What is the present value of the following? Hint: See formula 6-5 on page 173 a. A $300 perpetuity discounted back to the present at 8 percent? Perpetuity PMTS 300 i 8.0% PV b. A $1,000 perpetuity discounted back to the present at 12 percent? Perpetuity PMTS 1,000 li 12.00% PV 2500*12

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