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An investment offers $ 8 , 5 6 9 per year for 2 4 years, with the first payment occurring 3 years from now. If
An investment offers $ per year for years, with the first payment
occurring years from now. If the required return is percent, what is the
value of the investment? HINT: Remember that when you calculate the PV of
the annuity, the claculator gives you the present value of the annuity period
before the annuity starts. So if the annuity starts in year that calculator will to
give you the persent value of annuity in year Now you have to bring this
number to period by inputting: period before the annuity starts, in your
case it would be a different number depending when your annuity starts
FV Present value of annuity you found in step And you solve for PV
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