Answer:
$6,666.67
Explanation:
According to the given situation, the computation of the value of a perpetuity is shown below:-
Value of Perpetuity = Quarterly Payment ÷ Quarterly Interest Rate
Now, we will put the values into the above formula to reach the value of a perpetuity
= $100 ÷ (6% ÷ 4)
= $100 ÷ 0.0150
= $6,666.67
Therefore for computing the value of perpetuity we simply applied the above formula.
