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13. Calculating Annuity Present Value -

An investment offers $4,500 per year for 15 years, with
the first payment occurring one year from now. If the required return is 8 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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13.CalculatingAnnuityPresentValue

Aninvestmentoffers$4,500peryearfor15years,withthefirstpaymentoccurringoneyearfromnow.Ifthe...