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March 26, 2017

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An investment will pay $100 at the end of each of the next 3 years, $400 at the end of Year 4, $600 at the end of Year 5, and $700 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value?


What is its future value? Round your answer to the nearest cent.

Answer: 2203.51

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