Type or paste question

Using a required rate of return of 12 percent, determine the present value of an annual perpetuity. The first payment of $1,000 will be received exactly six years from today, and assume that each subsequent annual payment is expected to increase 2 percent in perpetuity.
							Inputs/assumptions:
Amount of perpetuity	$1,000
1st payment in (yrs)	6.0
Normal perpetuity 1st payment	1.0
Discount rate	12.00%
Annual growth rate	2.00%

here