Computing present value-future value

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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.

a. If other investments of equal risk earn 5% annually, what is its present value? Round your answer to the nearest cent.

b. If other investments of equal risk earn 5% annually, what is its future value? Round your answer to the nearest cent.

Reference no: EM132500926

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