An investment offers $9,600 per year for 16 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? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Value of the investment

$

Requirement 2:

What would the value be if the payments occurred for 41 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Value of the investment

$

Requirement 3:

What would the value be if the payments occurred for 76 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Value of the investment

$

Requirement 4:

What would the value be if the payments occurred forever? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Value of the investment

$