3) An investment will pay $100 at the end of each of the next 3 years, $200 at the end of year 4, $300 at the end of year 5 and $500 at the end of year 6. If other investments of equal risk earn 8% annually, what is this investment's present value? Its future value? ordinary annuity 100 T 000 300 500 PV-syrl Pmt -100 +yr2 Pmt = -100 + vr 3 Pmt=-100 tyra fyrs tyr Pont 200 pmt= -300 Pmt= - 500

An investment will pay $100 at the end of each of the next 3 years, $200 at the end of year 4,$300 at the end of year 5 and $500 at the end of year 6 . If other investments of equal risk earn 8% annually, what is this investment's present value? Its future value