# An investment offers \$5,600 per year for 15 years, with the first payment occurring one year from now.

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 An investment offers \$5,600 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment today? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

 Present value \$

 What would the value today be if the payments occurred for 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

 Present value \$

 What would the value today be if the payments occurred for 75 years? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

 Present value \$

 What would the value today be if the payments occurred forever? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

 Present value \$