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An investment offers $ 4 , 0 0 0 every quarter for 2 0 years, with the first payment occurring 1 quarter from now. If

An investment offers $ $4, 000$ every quarter for $20$ years, with the first payment occurring $1$ quarter from now. If the required return is $8$ percent, what is the value of the investment?

An investment offers $ $4, 000$ every quarter for $20$ years, with the first payment just occurred. If the required return is $8$ percent, what is the value of the investment?

An investment offers $ $4, 000$ every quarter forever. If the required return is $8$ percent, what is the value of the investment?

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