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1. An investment will pay $100 at the end of each of the next 2 years, 590 at the end of year3, and S 70

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1. An investment will pay $100 at the end of each of the next 2 years, 590 at the end of year3, and S 70 at the end of year 4. If other investments of equal risk earn 10% annually, what is its present value? (Answer to the nearest cent, xxx.xx and enter without the dollar sign) 1. What is the present value of perpetuity? If the interest rate is 6% and the payment is $120. Answer to the nearest cent, xxx.xx and enter without the dollar sign

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