Question
An investment will pay $100 at the end of each of the next 3 years, $400 at the end of Year 4, $600 at the
An investment will pay $100 at the end of each of the next 3 years, $400 at the end of Year 4, $600 at the end of Year 5, and $800 at the end of Year 6. If other investments of equal risk earn 4% annually.
what is its present value? Round your answer to the nearest cent.
What is its future value? Round your answer to the nearest cent.
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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
