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Perpetuity! to answer the question In one year, you expect to receive $10. From year 2 forward, you expect to receive 2% more than you

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Perpetuity! to answer the question

In one year, you expect to receive $10. From year 2 forward, you expect to receive 2% more than you received the prior year. If the discount rate is 6%, what is the present value of these payments? Starting the beginning of next year, you expect to receive five consecutive annual payments of $300 each. If the discount rate is 6%, what is the value of these payments today

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