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Calculating Annuity Present Value: An investment offers $5500 per year for 15 years, with the first payment occurring one year from now. If the required
Calculating Annuity Present Value: An investment offers $5500 per year for 15 years, with the first payment occurring one year from now. If the required return is 7.5%, what is the value of the investment? What would the value be if the payments occurred for 40 years? 75 years? Forever?
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