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( Perpetuities ) What is the present value of the following? a . A $ 5 5 0 perpetuity discounted back to the present at

(Perpetuities) What is the present value of the following?
a. A $550 perpetuity discounted back to the present at 12 percent
b. A $4,000 perpetuity discounted back to the present at 16 percent
c. A $230 perpetuity discounted back to the present at 13 percent
d. A $85 perpetuity discounted back to the present at 9 percent
a. What is the present value of a $550 perpetuity discounted back to the present at 12 percent?
$ (Round to the nearest cent.)
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