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An investment offers $7,600 per year for 16 years, with the first payment occurring 1 year from now. Assume the required return is 9 percent.
An investment offers $7,600 per year for 16 years, with the first payment occurring 1 year from now. Assume the required return is 9 percent. Requirement 1: What is the value of the investment? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of the investment $ Requirement 2: What would the value be if the payments occurred for 41 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of the investment $ Requirement 3: What would the value be if the payments occurred for 76 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of the investment $ Requirement 4: What would the value be if the payments occurred forever? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of the investment $
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