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An investment offers $9,900 per year for 13 years, with the first payment occurring one year from now. Assume the required return is 11 percent.
What is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Present value $
What would the value be if the payments occurred for 38 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Present value $
What would the value be if the payments occurred for 73 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Present value $
What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Present value
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