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An investment will pay $150 at the end of each of the next 3 years, $300 at the end of Year 4, $600 at the
An investment will pay $150 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. If other investments of equal risk earn 10% annually, find the total future value using the table below. (Hint: Find the individual FV for each year and add all to get the total)
Years |
| Future Value |
1 |
N I/Y PV PMT FV |
|
2 |
|
|
3 |
|
|
4 |
|
|
5 |
|
|
6 |
|
|
Total |
|
|
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