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Please explain how to get the correct answer. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $200 at the
Please explain how to get the correct answer.
Present and Future Value of an Uneven Cash Flow Stream An investment will pay $200 at the end of each of the next 3 years, $400 at the end of Year 4, $500 at the end of Year 5, and $700 at the end of Year 6. If other investments of equal risk earn 4% annually, what is its present value? Round your answer to the nearest cent. 1590.848 What is its future value? Round your answer to the nearest cent. 2524.47 Hide Feedback Incorrect
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