Question 8 Not yet answered A rich relative has bequeathed you a growing perpetuity. The first payment will occur in one year and will be $4339 each. Each year after that, you will receive a payment on the anniversary of the last payment that is 5% larger than the last payment. This pattern of payments will go on forever. If the interest rate is 10% per year, what is the present value of the bequest? Points out of 1.00 P Flag