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An investment offers $ 9 , 9 0 0 per year for 1 3 years, with the first payment occurring one year from now. Assume
An investment offers $ per year for years, with the first payment occurring one year from now. Assume the required return is percent.
a What is the value of the investment today?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b What would the value be if the payments occurred for years?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
c What would the value be if the payments occurred for years?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
d What would the value be if the payments occurred forever?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
tablea Present value,b Present value,c Present value,d Present value,
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