What would the value be if payments occurred forever

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An investment offers $7,800 per year for 13 years, with the first payment occurring one year from now. Assume the required return is 8 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.)

Present value            $

What would the value be if the payments occurred for 38 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Present value            $

What would the value be if the payments occurred for 73 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Present value            $

What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Present value            $

Reference no: EM131308234

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