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. You are considering an investment that will pay $100 at the end of each of the next 3 years $200 at the end of

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. You are considering an investment that 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 $500 at the end of Year 6 If other investments of equal risk earn 8% annually, what is its present value? Its future value? 08% 1 2 3 4 6 + + + + $100 $100 $100 $200 $300 $500

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