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What is the present value of $7,000 paid at the end of each of the next 97 years if the interest rate is 8% per
What is the present value of $7,000 paid at the end of each of the next 97 years if the interest rate is 8% per year? The present value is $ (Round to the nearest cent.) You have just received a windfall from an investment you made in a friend's business. She will be paying you $30,043 at the end of this year, $60,086 at the end of next year, and $90,129 at the end of the year after that three years from today). The interest rate is 13.8% per year. a. What is the present value of your windfall? b. What is the future value of your windfall in three years on the date of the last payment)? a. What is the present value of your windfall? The present value of your windfall is $ (Round to the nearest dollar.) b. What is the future value of your windfall in three years on the date of the last payment)? The future value of your windfall in three years is $. (Round to the nearest dollar.)
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