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Item 4 1 . 3 3 points eBookHintPrintReferencesCheck my workCheck My Work button is now enabledItem 4 An investment offers $ 8 , 9 0

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eBookHintPrintReferencesCheck my workCheck My Work button is now enabledItem 4
An investment offers $8,900 per year for 14 years, with the first payment occurring one year from now. Assume the required return is 9 percent.
What is the value of the investment today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What would the value be if the payments occurred for 39 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What would the value be if the payments occurred for 74 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What would the value be if the payments occurred forever?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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