An investment offers $8,500 per year for 15 years, with the first payment occurring 1 year from
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An investment offers $8,500 per year for 15 years, with the first payment occurring 1 year from now. If the required return is 9 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?
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Computation of the Present value of the payments PVpayment11rnr whe...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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