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An investment will pay $7,100 at the end of each of the next 5 years, $15,000 at the end of Year 6, $8,000 at the
An investment will pay $7,100 at the end of each of the next 5 years, $15,000 at the end of Year 6, $8,000 at the end of Year 7, and $1,500 at the end of Year 8. If other investments of equal risk earn 8.5% annually, find the total future value using the table below.
Hint: Find the individual FV for each year and add all to get the total.
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