Business
Business, 27.03.2020 01:48, tannercarr3441

An investment offers $6,125 per year for 15 years, with the first payment occurring one year from now. Assume the required return is 8 percent. a. 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.) b. What would the value be if the payments occurred for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. What would the value be if the payments occurred for 75 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) d. 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.)

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