Given an interest rate of 10% per year, what is the value today of a perpetual stream of $3,000 annual payments that begins in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Given an interest rate of 10% per year, what is the value today of a perpetual stream of $3,000 annual payments that begins today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Given an interest rate of 5 percent per year, what is the value at date t = 7 of a perpetual stream of $3,400 payments that begins at date t = 15? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)