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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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