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Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 9%. Year Payment 1 $200 2
Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 9%. Year Payment 1 $200 2 $400 3 $700 Round your answers to the nearest cent.
2. PV of investment: $
1. FV of investment: $
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