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Question(s) / Instruction(s):

An investment offers $3,100 per year for 11 years, with the first payment occurring one year from now.

 

Required:

1.            If the required return is 10 percent, the present value of the investment is

2.            If the payments occurred for 35 years, the present value of the investment would be

3.            If the payments occurred for 87 years, the present value of the investment would be

4.            If the payments last forever, the present value would be

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