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An investment offers $9,200 per year for 17 years, with the first payment occurring 1 year from now. Assume the required return is 12 percent.

An investment offers $9,200 per year for 17 years, with the first payment occurring 1 year from now. Assume the required return is 12 percent. Requirement 1: What is the value of the investment today? Requirement 2: What would the value be if the payments occurred for 42 years? Requirement 3: What would the value be if the payments occurred for 77 years? Requirement 4: What would the value be if the payments occurred forever?

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