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Problem 6-4 Calculating Annuity Present Value (LO1) An investment offers $6,200 per year, with the...

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Problem 6-4 Calculating Annuity Present Value (LO1) An investment offers $6,200 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value be today if the payments occurred for 45 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What would the value be today if the payments occurred for 70 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What would the value be today if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) C. a. $ 91,956.04 b. Present value of 20 annual payments Present value of 45 annual payments Present value of 70 annual payments Present value of annual payments forever c. d

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