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An investment offers $6,100 per year for 15 years, with the first payment occurring one year from now. (Do not round intermediate calculations. Round the
An investment offers $6,100 per year for 15 years, with the first payment occurring one year from now. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) If the required return is 6 percent, what is the value of the investment? Present value What would the value be if the payments occurred for 40 years? Present value What would the value be if the payments occurred for 75 years? Present value What would the value be if the payments occurred forever? Present value
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