An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,750 in the fifth year What should the value of the fourth year payment be if the investment is required to yield 10 and is selling for $8,000

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An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,750 in the fifth year  What should the value of the fourth year payment be if the investment is required to yield 10  and is selling for $8,000

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Question

An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,750 in the fifth year. What

An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $1,750 in the fifth year. What should the value of the fourth year payment be if the investment is required to yield 10% and is selling for $8,000

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