Provide (abstract) NPV equations where i denotes your discount rate:

a)generally, for the next 44years, you will receive a rent of R at the beginning of each year. However, the first payment was delayed and paid at the end of the year. Payments will grow at the rate of g.

b)At the beginning of a financial scheme you have to pay 50 upfront. Then you will receive 50 at the beginning of the third year and again at the end of the third year.

Q#4: NPV (12 pts) Provide (abstract) NPV equations where i denotes your discount rate: a) Generally, for the next 44 years, you will receive a rent of R at the beginning of each year. However, the first payment was delayed and paid at the end of the year. Payments will grow at a rate of g. (4) b) At the beginning of a financial scheme you have to pay $50 upfront. Then you will receive $50 at the beginning of the third year and again at the end of the third year. (3 pts) c) What happens to Gordon's Model if discount rate and growth rate are identical? (2 pts) d) Assume you pay an annual rent of Rover a time period of T, at the end of each year. If you had to pay at the beginning of each year, how much more would you pay? (1) Find an abstract expression for the difference. (2) What happens if T-00? (4 pts)