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a. Prove this statement: "If x is more than one, the sum goes to 1/(1-x) as n gets large. If x is equal to or greater than one, the sum explodes as n gets large." b. Consider the present value of a payment of $1 forever, starting next year, when the interest rate is i. The present value is given by: 1 + ... (1 + i) (1 + i)= which can be simplified to: Show the process of simplification. c. Show that: 1 1 +r ( 1 + rill trip ( 1 - 8 ) [;+ + ... Is equal to: VI) =