An investment offers $5,600 per year, with the first payment occurring one year from now.The required return
Question:
An investment offers $5,600 per year, with the first payment occurring one year from now.The required return is 6 percent.
a.What would the value be today if the payments occurred for 15 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.What would the value be today if the payments occurred for 40 years?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.)
c.What would the value be today if the payments occurred for 75 years?(Do not round intermediate 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.)