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7. An investment pays you $100 at the end of each of the next 3 years. The investment will then pay you $200 at the
7. An investment pays you $100 at the end of each of the next 3 years. The investment will then pay you $200 at the end of Year 4, $3000 at the end of Year 5, and $500 at the end of Year 6. If the rate of interest earned on the investment is 8 percent, what is its present value? What is its future value at the end of Year 6?
The $3000 may have been intended to be $300. please solve both ways!
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