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An investment offers 10,000 per year for 15 years, with the first payment occurring one year from now. If the required return is 10 per
An investment offers 10,000 per year for 15 years, with the first payment occurring one year from now. If the required return is 10 per cent,
a) What is the value of the investment?
b) What would the value be if the payments occurred for 50 years?
c) For ever?
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