November 28, 2015

Homework Help: Finance Homework/ Have 2nd Part Need Calculate1st

Posted by Mat on Friday, February 18, 2011 at 11:01am.

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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