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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 $3,850 per year for 15 payments, the required return (RATE) is 6%.
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 PMT/NPER/RATE/FV/TYPE/PV for a/b and then PMT/RATE/PV for c please)

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