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value: 1.00 points Problem 5-4 Calculating Annuity Present Values [LO An investment offers $7,600 per year for 16 years, with the first payment occurring one
value: 1.00 points Problem 5-4 Calculating Annuity Present Values [LO An investment offers $7,600 per year for 16 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value What would the value be if the payments occurred for 41 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value What would the value be if the payments occurred for 76 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value Hints eBook & Resources Hint#1 Check my work
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