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An investment offers $ 7 0 0 0 per year for 1 0 years, with the first payment occurring one year from now. If the

An investment offers $

7000

per year for

10

years, with the first payment occurring one year from now. If the required return is

7 %,

what is the value of the investment? What would the value be if the payments occurred for

20

years? And forever?

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