# An investment offers $5,600 per year for 15 years, with the first payment occurring one year from no

**Tutor description**

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 $

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