Present and future values of a cash flow stream
An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $550 at the end of Year 6.
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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.