In: Finance
An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $500 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.
$
If other investments of equal risk earn 4% annually, what is its future value? Round your answer to the nearest cent.
$
Solution:-
To Calculate Present Value and Future Value-
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