will rate

Now, assume instead that Ziggy will receive a perpetual payment (i.e. a perpetuity) of $35,000 that will grow by 2.4% each year. Assuming the interest rate of 10.2% and the first payment will be made next year (that is, such that t=1 ). what is the present value of the perpetuity here? $343,137,25 $532,256,34 $452,236,35 $448.717.95