An investment offers $3,850 per year for 15 years, with the first payment occurring one year from now. If the required return is 6 percent, what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever?         Payment per year $3,850     Number of years 15     Required rate of return 6%     Number of years 40     Number of years 75                     Value today for 15 years of payments       Value today for 40 years of payments       Value today for 75 years of payments       Value today of perpetuity

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