An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6.
If other investments of equal risk earn 8% annually, what is its present value? Round your answer to the nearest cent.
If other investments of equal risk earn 8% annually, what is its future value? Round your answer to the nearest cent.