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Suppose someone promises to give you $800 per year, every year forever, beginning in 8 years. If the interest rate is 7%, how much is

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Suppose someone promises to give you $800 per year, every year forever, beginning in 8 years. If the interest rate is 7%, how much is this worth today? .07(1.077 = $7,117.14 . 800 OB. 800 $11.428.57 07 Oc 800 $6,651.53 07(1.07) OD 800 = $465.61 (1.071 1 OE 800 07 - $4.777.04 (1.07)

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