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Compute what is the future value

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An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6.

Question 1: If other investments of equal risk earn 6% annually, what is its present value? Round your answer to the nearest cent.

Question 2: If other investments of equal risk earn 6% annually, what is its future value? Round your answer to the nearest cent.

Reference no: EM132483004

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