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11. Part A) (Present value of a growing? perpetuity) What is the present value of a...

11. Part A) (Present value of a growing? perpetuity) What is the present value of a perpetual stream of cash flows that pays ?$7,000 at the end of year one and the annual cash flows grow at a rate of 4?% per year? indefinitely, if the appropriate discount rate is 11?%? What if the appropriate discount rate is 9?%? (Round to the nearest? cent.)

Part B) (Loan amortization) On December? 31, Beth Klemkosky bought a yacht for ?$50,000. She paid ?$16,000 down and agreed to pay the balance in 14 equal annual installments that include both the principal and 8 percent interest on the declining balance. How big will the annual payments? be?

On December? 31, Beth Klemkosky bought a yacht for ?$50,000 and paid ?$16,000 ?down, how much does she need to borrow to purchase the? yacht? ______$ ?(Round to the nearest? dollar.)

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