An investment will pay 100 at the end of each of the next 3


An investment will pay $100 at the end of each of the next 3 years, $200 at the end of the year 4, $300 at the end of the year 5, and $500 at the end of the year 6. If other investments of equal risk earn 8% annually, what is its present value? Its future value?

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Financial Management: An investment will pay 100 at the end of each of the next 3
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