An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) If the required return is 7 percent, what is the value of the investment? Present value $ 1602.20 What would the value be if the payments occurred for 45 years? Present value $ [295.20 What would the value be if the payments occurred for 70 years? Present value $ 54.39 What would the value be if the payments occurred forever? Present value Present value $ 88571.43 8571.43