An investment offers $5,900 per year, with the first payment occurring one year from now....
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Finance
An investment offers $5,900 per year, with the first payment occurring one year from now. The required return is 6 percent.
a.
What would the value be today if the payments occurred for 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.
What would the value be today 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 today 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 today 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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