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An investment offers $6405 per year for 15 years, with the first payment occurring one year from now. If the required return is 8.2 percent,

An investment offers $6405 per year for 15 years, with the first payment occurring one year from now. If the required return is 8.2 percent, what would the value be if the payments occurred forever? (Round final answer to the nearest dollar amount.

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