Tanner owns an investment that is expected to pay him 3,980 dollars per quarter forever with the

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Tanner owns an investment that is expected to pay him 3,980 dollars per quarter forever with the next payment of 3,980 dollars expected in 3 months from today. The investment has an annual return of 5.8 percent. What is the value of the investment?
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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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