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Question content area top Part 1 You have just received a windfall from an investment you made in a friend's business. She will be paying

Question content area top
Part 1
You have just received a windfall from an investment you made in a friend's business. She will be paying you $15,000 at the end of this year, $30,000 at the end of next year, and $45,000 at the end of the year after that (3 years from today). The interest rate is 13.6% per year.
a. What is the present value of your windfall?
b. What is the future value of your windfall in 3 years(on the date of the last payment)?

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