Question
An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now. If the required return is 7 percent,
An investment offers $6,200 per year for 20 years, with the first payment occurring one year from now.
If the required return is 7 percent, what is the value of the investment?
What would the value be if the payments occurred for 45 years?
What would the value be if the payments occurred for 70 years?
What would the value be if the payments occurred forever?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
