Question: Problem 5-7 Present and future values of a cash flow stream An investment will pay $100 at the end of each of the next 3

Problem 5-7 Present and future values of a cash flow stream

Problem 5-7 Present and future values of a cash flow stream An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6 a. If other investments of equal risk earn 11% annually, what is its present value? Round your answer to the nearest cent b. If other investments of equal risk earn 11% annually, what is its future value? Round your answer to the nearest cent

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