An investment offers 5450 per year for 15 years with the


An investment offers $5,450 per year for 15 years with the first payment occuring one year from now. if the required return is 8 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? for 75 years? forever?

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Operation Management: An investment offers 5450 per year for 15 years with the
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