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4. Calculating Annuity Present Values. An investment offers $5,450 per year for 15 years, with the first payment occurring one year from now. If the

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4. Calculating Annuity Present Values. An investment offers $5,450 per year for 15 years, with the first payment occurring one year from now. If the required return is 8 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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