Here is the solution to the previous problem a got wrong:

An investment will pay $50 at the end of each of the next 3 years, $200 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 4% 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: $ Using a financial calculator, enter the following: CF0=0;CF1=100;Nj=3;CF4=20 (Note calculator will show CF2 on screen.); CF5=300 (Note calculator will show CF3 or screen.); CF6=550 (Note calculator will show CF4 on screen.); and I/YR=10. Solve f NPV =$882.02. To solve for the FV of the cash flow stream with a calculator that doesn't have the NFV key, do the following: Enter N=6,I/YR=10,PV=882.02, and PMT=0. Solve for F =$1,562.56. You can check this as follows: Note: While the calculations above show values rounded to 2 decimal places, unrounde values should be used to calculate the future value