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An investment will pay $400 at the end of each of the next 4 years, $600 at the end of Year 4, $800 at the

An investment will pay $400 at the end of each of the next 4 years, $600 at the end of Year 4, $800 at the end of Year 5, and $200 at the end of Year 6. If other investments of equal risk earn 12% annually, what is its present value? Its future value?

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