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An investment will pay $50 at the end of each of the next 3 years, $250...

An investment will pay $50 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 $500 at the end of Year 6. If other investments of equal risk earn 4% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

Present value: $   

Future value: $

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Expert Solution

Calculation is given in the below attached image

Please give upvote and thank you for that in advance

jeff jeffy answered 2 years ago
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