eBook

Problem Walk$-$Through

An investment will pay $$150$ at the end of each of the next $3$ years, $$250$ at the end of Year $4,$$$350$ at the end of Year $5,$ and $$600$ at the end of Year $6.$ If other investments of equal risk earn $10\%$ 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: $ $$