An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the
An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 7% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.
Present value: $
Future value: $
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Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
