** Use N, I/Y, PV, PMT, and FV buttons on Texas Instrument BAII Financial Calculator and include what values were inputted and the end result. Also include timeline breakdown. **

4. Calculating Annuity Present Value [LO1] An investment offers $3,850 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever? I PV PMT FV N 15 6 3,850