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An investment offers $8,800 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 12 percent.
An investment offers $8,800 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 12 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 S 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 s
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