You are set to receive $$1,260$ annually $($at the end of each year$)$ forever with returns of $16\mathrm{.}80\%$ for the first $4$ years and $5\mathrm{.}20\%$ thereafter. What is the current value of this investment?

Question $10$Answer

a$.$

$$13,020$

b$.$

$$7,500$

c$.$

$$24,231$

d$.$

$$16,490$

e$.$

$$15,207$