An investment offers 116 per year forever with the first, Financial Management

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An investment offers 116 per year forever with the first

An investment offers $116 per year forever, with the first payment occuring today.

If the interest rate is 8.7% (per year, with annual interest compounding), the value of the entire investment today is $_____________.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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