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An investment will pay $150 at the end of each of the next 3 years, $250...

An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $600 at the end of Year 6.

  1. If other investments of equal risk earn 9% annually, what is its present value? Round your answer to the nearest cent.

  2. If other investments of equal risk earn 9% annually, what is its future value? Round your answer to the nearest cent.

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Answer #1

a) 1142.04

b) 1915.31

Calc:-

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