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An investment offers $3,300 per year for 19 years, with the first payment occurring one year from now. If the required return is 8 percent, the present value of the investment is $___. If the payments occurred for 34 years, the present value of the investment would be $___. If the payments occurred for 99 years, the present value of the investment would be $___. If the payments last forever, the present value would be $___.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91645749

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