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4. An investment offers $7000 per year for 15 years with the first payment occurring one year from now. The required rate of return is

4. An investment offers $7000 per year for 15 years with the first payment occurring one year from now. The required rate of return is 9% i.what is the value of investment with payments for 15 years? ii. What is the value of investment if payments occur for 40 years? iii. What is the value of investment if payments occur forever?

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