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The question is: An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4,

The question is: An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6.

1. If other investments of equal risk earn 6% annually, what is its present value? Round your answer to the nearest cent.

2. If other investments of equal risk earn 6% annually, what is its future value? Round your answer to the nearest cent.

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