The present value of an infinite stream of dollar payments of $z (that starts next year) is $z/i when the nominal interest rate, i, is constant. This formula gives the price of a consol-a bond paying fixed nominal payment each year, forever. It is also a good approximation for the present discounted value of a stream of constant payments over long but not infinite periods, as long as is conste Suppose that i=4%. Let $z=$500. The present value of the consol is $ (Enter your response as a whole number.) Find the expected present discounted value of each of the following bonds. (Hint: Use the formula from the chapter but remember to adjust for the first payment.) If i=4%, the expected present discounted value of a bond that pays $500 per year over the next 10 years is $ (Round your response to the nearest whole number.) If i=4%, the expected present discounted value of a bond that pays $500 per year over the next 20 years is $. (Round your response to the nearest whole number.) If i=4%, the expected present discounted value of a bond that pays $500 per year over the next 30 years is $ (Round your response to the nearest whole number.) If i=4%, the expected present discounted value of a bond that pays $500 per year over the next 50 years is $. Round your response to the nearest whole number.)