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An investment offers $5,900 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent,

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An investment offers $5,900 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? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $ 57302.27 What would the value be if the payments occurred for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $ 88773.15 What would the value be if the payments occurred for 75 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $ 97089.50 What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $ 275692.73 %

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