Question: Problem 5-4 Calculating Annuity Present Values [LO 1] An investment offers $10,400 per year for 13 years, with the first payment occurring 1 year from
Problem 5-4 Calculating Annuity Present Values [LO 1] An investment offers $10,400 per year for 13 years, with the first payment occurring 1 year from now. Assume the required return is 12 percent. Requirement 1: What is the value of the investment today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (0.9., 32.16).) Present value Requirement 2: What would the value be if the payments occurred for 38 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value Requirement 3: What would the value be if the payments occurred for 73 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value Requirement : What would the value be if the payments occurred forever? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value
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