If other investments of equal risk earn 4 annually find its

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An investment will pay $100 at the end of each of the next 3 years, $400 at the end of Year 4, $500 at the end of Year 5, and $700 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. What is its future value?

Reference no: EM13475632

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