Question: first payment occurring one year from now. Assume the required return is 1 2 percent. What is the value of the investment today? Note: Do

first payment occurring one year from now. Assume the required return is 12 percent.
What is the value of the investment today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What would the value be if the payments occurred for 40 years?

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