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An investment will pay you $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at
An investment will pay you $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its future value? You must draw the timeline here. [Hint: Draw the timeline. Use the formula and plug in the values of each variable into the formula. Then calculate the values for each and add them.]
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