Question
Maple is very happy that her investment in a neighbor's business is going to result in cash inflows over the next three years: She will
Maple is very happy that her investment in a neighbor's business is going to result in cash inflows over the next three years: She will be receiving$37,172 at the end of this year,$74,344 at the end of next year, and$111,516 at the end of the year after that (three years from today). The interest rate is12.1%per year.
a. What is the present value of Maple's cash inflows?
The present value of Maple's cash inflows is
$nothing.
(Round to the nearest dollar.)
b. What is the future value of Maple's cash inflows in three years (on the date of the last payment)?
The future value of Maple's cash inflows in three years is
$nothing.
(Round to the nearest dollar.
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