Question
An investment offers $7,600 per year for 16 years, with the first payment occurring one year from now. Assume the required return is 9 percent.
An investment offers $7,600 per year for 16 years, with the first payment occurring one year from now. Assume the required return is 9 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 41 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 76 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
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