An investment offers $7,500 per year for 17 years, with the first payment occurring one year from now. Assume the required return is 8 percent. a. What is the value of the investment today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What would the value be if the payments occurred for 42 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What would the value be if the payments occurred for 77 years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. d. What would the value be if the payments occurred forever
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.