What is the value of the investment today

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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.

What is the value of the investment today?

What would the value be if the payments occurred for 38 years?

What would the value be if the payments occurred for 73 years?

What would the value be if the payments occurred forever?

Reference no: EM13727195

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