An investment offers $6,900 per year for 10 years, with the first payment occurring one year from now. If the required return is 5 percent, what is the value of the investment?
a) If the required return is 5 percent, what is the value of the investment?
b) What would the value be if the payments occurred for 35 years?
c) What would the value be if the payments occurred for 65 years?
d) What would the value be if the payments occurred forever?