Q11

Click here to read the eBook: Present Values 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, $400 at the end of Year 5, and $550 at the end of Year 6. a. If other investments of equal risk earn 12% annually, what is its present value? Round your answer to the nearest cent. $ b. If other investments of equal risk earn 12% annually, what is its future value? Round your answer to the nearest cent. $