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What is the present value of a perpetuity that pays you annual, end-of-year payments of $1,562 ? Use a nominal rate of 6.12%. SET YOUR

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What is the present value of a perpetuity that pays you annual, end-of-year payments of $1,562 ? Use a nominal rate of 6.12%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END. DO NOT ENTER THE \$ SIGN SYMBOL..i.e. if your answer is $1,000 enter it as 1000

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