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An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the

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An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 12% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent. * Present value: $ 878.11 Future value: $

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