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An investment offers $ 3 , 8 5 0 per year for 1 5 years, with the first payment occurring one year from now. If

An investment offers $ $3, 850$ per year for $15$ years, with the first payment occurring one year from now. If the required return is $6$ 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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An investment offers $ 3 , 8 5 0 per year for 1 5 years, with the first payment occurring one year from now. If

An investment offers $3,850 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 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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An investment offers $ $3, 850$ per year for $15$ years, with the first payment occurring one year from now. If the required return is $6$ percent, what is the value of the investment? What would the value be if the payments occurred for $40$ years? For $75$ years? Forever?