Question:
An investment offers $3,800 per year for 12 years, with the first payment occurring one year from now. If the required return is 10 percent, the present value of the investment is $? If the payments occurred for 39 years, the present value of the investment would be $? If the payments occurred for 79 years, the present value of the investment would be $. If the payments last forever, the present value would be $?