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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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