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An investment will pay $100 at the end of each of the next 3 years, $250...

An investment will pay $100 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 $550 at the end of Year 6.

1. If other investments of equal risk earn 10% annually, what is its present value? Round your answer to the nearest cent.

2. If other investments of equal risk earn 10% annually, what is its future value? Round your answer to the nearest cent.

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Expert Solution

1. If other investments of equal risk earn 10% annually, what is its present value? Round your answer to the nearest cent.

$947.22

2. If other investments of equal risk earn 10% annually, what is its future value? Round your answer to the nearest cent.

$1678.06

jeff jeffy answered 1 year ago
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