eBook Problem Walk-Through

Present and Future Value of an Uneven Cash Flow Stream

An investment will pay $150 at the end of each of the next 3 years, $300 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 10% annually, what is this investment's present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

Present value: $

Future value: $