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An investment offers $6125 per year for 15 years with the first payment occurring one year from now. If the required rate of return is

  1. An investment offers $6125 per year for 15 years with the first payment occurring one year from now. If the required rate of return is 8%, what is the value of the investment? What would the value be if the payments occured for 40 years? For 75 years? Forever?

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