An investment offers $$3,850$ per year for $15$ years, with the first payment

$2$

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?

$3$

$4$ Input area:

$5$

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NEED ANSWERS JN EXCEL FORMULAS $($cells$)$