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1. An investment will pay $300 at the end of each of the next 4 years. $400 at the end of Year 5, $500 at

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1. An investment will pay $300 at the end of each of the next 4 years. $400 at the end of Year 5, $500 at the end of Year 6, and $600 at the end of Year 7. If other investments of equal risk earn 10% annually, what is this investment's present value? (20 points) 2. If you deposit monex today in an account that paxs 5% annual interest, how long will it take to triple your monex? (10 Points)

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