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An investment offers $ 3 , 8 5 0 per year for 1 5 payments, the required return ( RATE ) is 6 % .
An investment offers $ per year for payments, the required return RATE is
a If the first payment occurring one year from now, what is the value of the investment?
b If the first payment occurring today, what is the value of the investment?
c What would the value be if the payments occurred forever? Break down by PMTNPERRATEFVTYPEPV for ab and then PMTRATEPV for c please
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