Question: Problem 4 - 1 3 Calculating Annuity Present Value An investment offers $ 5 , 9 0 0 per year for 1 5 years, with

Problem 4-13 Calculating Annuity Present Value
An investment offers $5,900 per year for 15 years, with the first payment occurring one year from now.
a.
If the required return is 6 percent, what is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What would the value today be if the payments occurred for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What would the value today be 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 today be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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