An investment offers 6800 per year with the first payment


An investment offers $6,800 per year, with the first payment occurring one year from now. The required return is 7 percent.

a. What would the value be today if the payments occurred for 20 years? 

b. What would the value be today if the payments occurred for 45 years? 

c. What would the value be today if the payments occurred for 70 years? 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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Financial Accounting: An investment offers 6800 per year with the first payment
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