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An investment will pay $1,000 at the end of each of the next 4 years, $900 at the end of Year 5, and $700 at

An investment will pay $1,000 at the end of each of the next 4 years, $900 at the end of Year 5, and $700 at the end of Year 6. What is its present value if other investments of equal risk earn 9 percent annually?

Selected Answer:	c. $3,339.10
Answers:	a. $1,710.75
	b. $1,550.30
	c. $3,339.10
	d. $4,242.05
	e. $5,137.61

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