What is the value of the investment


Calculating Annuity Present Value

Response to the following problem:

An investment offers €4,000 per year for 10 years, with the first payment occurring one year from now. If the required return is 9 per cent, what is the value of the investment? What would the value be if the payments occurred for 20 years? For 50 years? For ever?

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Financial Accounting: What is the value of the investment
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