Calculating annuity present value- an investment offers, Financial Management

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Calculating annuity present value- an investment offers

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Calculating Annuity Present Value- An investment offers $5,500 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?

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