* Your answer is incorrect. An investment opportunity requires a payment of $640 for 12 years, starting a year from today. If your required rate of return is 7.50 percent, what is the value of the investment to you today? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.) Present value of investment $ 7629.30

An investment opportunity requires a payment of $640 for 12 years, starting a year from today, If your required rate of return is 7.50 percent, what is the value of the investment to you today? (Round factor values to 4 decimal ploces, e.g. 1.2514 and final answer to 2 decimal places, eg. 15.25.) Present value of investment