An investment will pay $100 at the end of each of the next 3 years, $300 at the end of Year 4, $600 at the end of Year 5, and $700 at the end of Year 6.

1. If other investments of equal risk earn 9% annually, what is its present value? Round your answer to the nearest cent.

2. What is its future value? Round your answer to the nearest cent.