An investment 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
Posted: Sat Feb 26, 2022 9:06 am
An investment 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, and
$500 at the end of Year 6. If other investments of equal risk earn
6% 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: $
years, $200 at the end of Year 4, $300 at the end of Year 5, and
$500 at the end of Year 6. If other investments of equal risk earn
6% 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: $