Other investments of equal risk-what is its 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, $350 at the end of Year 5, and $500 at the end of Year 6.

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

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

Reference no: EM131975293

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