Determine a series that represents the present value of a perpetuity of $1,000 at an annual interest rate of 6%.
a) Σ 1000(1.06ⁿ)
b) Σ 1000 1,06ⁿ
c) Σ1000(1.005¹²ⁿ)
d) Σ 1000 1.005ⁿ
e) Σ 1000 1.06 12ⁿ
f) Σ 1000(1.06 120)
g) Σ 10001.005")