A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present value of this perpetuity on the date that it is purchased, given that the interest rate is 3%?

present value of perpetuity = $29615.93

Explanation:

given data

pay = $300 per year

interest rate = 3%

solution

we get here present value payment after 5 year is

present value = ...........1

present value =

present value = $862.60

and

now we get present value on purchase date

present value =   ......2

present value =

present value = $28753.33

and

present value of perpetuity is

present value of perpetuity =  $862.60 + $28753.33

present value of perpetuity = $29615.93

answer; /// (b) i believe its that is paid to state and federal taxing authorities;

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!