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

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

Present and future values of a cash flow stream

An investment will pay $100 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $500 at the end of Year 6.

a. If other investments of equal risk earn 4% annually, what is its present value? Round your answer to the nearest cent.

b. If other investments of equal risk earn 4% annually, what is its future value? Round your answer to the nearest cent.

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

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

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