Aunt Clarisse Has Promised to Leave You an Annuity That

Aunt Clarisse has promised to leave you an annuity that will pay $100 next year and grow at an annual rate of 4%.The payments are expected to go on indefinitely and the interest rate is 9%.What is the value of the growing perpetuity?

A) $1,667
B) $1,693
C) $1,800
D) $2,000
E) None of the above.