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An investment offers $ 4 , 2 7 0 per year for 1 5 years, with the first payment occurring one year from now. If

An investment offers $

4, 270

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?

What would the value be if the payments occurred for

75

years?

What would the value be if the payments occurred forever?

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