An investment will pay $100 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 $6

Question

2 years ago

6

An investment will pay $100 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 $6

00 at the end of Year 6. If other investments of equal risk earn 12% annually, what is its present value? Round your answer to the nearest cent.

Mathematics

1 answer:

dlinn [17] · Answer 1 · 2022-04-11T20:29:13+03:00

dlinn [17]2 years ago

8 0

Answer:

Your parents will retire in 18 years. ... You expect to earn 12% annually on the account. ... An investment will pay $100 at the end of each of the next 3 years, $200 at the end of Year 4, ...