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An investment offers the following cash flows: $193 today, $486 one year from now, $672 in 2 years, and $898 in 3 years. If the
An investment offers the following cash flows: $193 today, $486 one year from now, $672 in 2 years, and $898 in 3 years. If the relevant interest rate is 8% per year (an APR, with interest compounded semiannually), what is the value of the investment 3 years from today? * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES *
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