An investment offers $$8,569$ per year for $24$ years, with the first payment

occurring $3$ years from now. If the required return is $14$ 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 $1$ period

before the annuity starts. So if the annuity starts in year $7,$ that calculator will to

give you the persent value of annuity in year $6.$ Now you have to bring this

number to period $0$ by inputting: $N=6(1$ period before the annuity starts, in your

case it would be a different number depending when your annuity starts$)R=14$

FV $=$ Present value of annuity you found in step $1.$ And you solve for PV$)$