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You have identified an investment that pays $900 each year forever, with the first $900 payment occurring eight years from today. What is the value

You have identified an investment that pays $900 each year forever, with the first $900 payment occurring eight years from today. What is the value of the investment today? Rates are 6% p.a.

(a) $15,000

(b) $9,411.19

(c) $9,975.86

(d) $22,554.45

Attn Tutor: Please use formulas for calculations. Please show your calculations. Please do not use excel.

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