What is the value of this investment today

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An investment pays $57,000 every third-year (triennial) in perpetuity. Your required rate of return is 8.4 percent, compounded monthly.

a. What is the value of this investment today, if the first payment occurs four years from today?

b. If the first payment occurred one year from today rather than four years from today, what would you pay for this investment today?

Reference no: EM131825269

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