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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 incur a $500 cost at the end of Year 6. If other investments of equal risk earn 6.7% annually,

what is this investment's present value?

Its future value?

Formulas and Excel set up is apprciated! :)

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