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An investment offers $7, 700 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 8
An investment offers $7, 700 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 8 percent. What is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Present value $ What would the value be if the payments occurred for 39 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Present value $ What would the value be if the payments occurred for 74 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) Present value $ What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $
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