An investment will pay 50 at the end of each of the next 3, Ask an Expert

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An investment will pay $50 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 $600 at the end of Year 6.

If other investments of equal risk earn 4% annually, what is its present value? Round your answer to the nearest cent.

____$

If other investments of equal risk earn 4% annually, what is its future value? Round your answer to the nearest cent.

_____$

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Financial Management, Finance

Category:- Financial Management
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