An investment offers $7.700 per year for 14 years, with the first payment occuming one year from now. Assume the required return is 8 percent.
1. What is the value of the investment today? (Do not round Intermedlate calculations and round your answer to 2 declmal places, e.g., 32.16.
Present value s
2. What would the value be if the payments occurred for 39 years? (Do not round intermediate calculations and round your answer to 2 decima
Present value
3. What would the value be if the payments occurred for 74 years? (Do not round intermediate calculations and round your answer to 2 decima
Present value
4. What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal pla
Present value
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