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Tanner owns an investment that is expected to pay him 6,080 dollars per quarter forever with the next payment of 6,080 dollars expected in 3

Tanner owns an investment that is expected to pay him 6,080 dollars per quarter forever with the next payment of 6,080 dollars expected in 3 months from today. The investment has an annual return of 12 percent. What is the value of the investment?

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