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An investment will pay 150 at the end of each of the next 3

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An investment will pay $150 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 $600 at the end of Year 6.

  • If other investments of equal risk earn 12% annually, what is its present value? Round your answer to the nearest cent.
  • If other investments of equal risk earn 12% annually, what is its future value? Round your answer to the nearest cent.

Reference no: EM13616625

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