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3. Calculating Annuity Present Value An investment offers $3,600 per year for 15 years, with the first payment occurring one year from now. If the

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3. Calculating Annuity Present Value An investment offers $3,600 per year for 15 years, with the first payment occurring one year from now. If the required return is 10 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever

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