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An investment offers $5,200 per year, with the first payment occurring one year from now.The required return is 7 percent. a. What would the value

An investment offers $5,200 per year, with the first payment occurring one year from now.The required return is 7 percent.

a. What would the value be today if the payments occurred for 20 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What would the value be today if the payments occurred for 45 years? (Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)
c. What would the value be today if the payments occurred for 70 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d. What would the value be today if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

image text in transcribed An investment offers $5,200 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value be today if the payments occurred for 45 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What would the value be today if the payments occurred for 70 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What would the value be today if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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