Question: 7. Problem 28-07 (Present and Future Value of an Uneven Cash Flow Stream) eBook Problem Walk-Through Present and Future Value of an Uneven Cash
7. Problem 28-07 (Present and Future Value of an Uneven Cash Flow Stream) eBook Problem Walk-Through Present and Future Value of an Uneven Cash Flow Stream An investment will pay $150 at the end of each of the next 3 years, $300 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 9% annually, what is this investment's present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent Present value: $ Future value: 5 a
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