#9 An investment will pay $100 at the end of each of the next 3 years, $250...
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#9
An investment will pay $100 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 $600 at the end of Year 6. If other investments of equal risk earn 5% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.
Present value:$
Future value:$
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