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An investment offers to pay you ETB 6000 per year for 15 years, with the first payment occurring 1 year from now. If the required

An investment offers to pay you ETB 6000 per year for 15 years, with the first payment occurring 1 year from now. If the required return is 8 percent, what is the present value of the investment? What would the value be if the payments occurred for 40 years? Forever?

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