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Yoa have just recolved a windfall from an investment you made in a friend's businese. She will be paylng you $10,000 at the end of
Yoa have just recolved a windfall from an investment you made in a friend's businese. She will be paylng you $10,000 at the end of ond of the year after that (three yoars from today). The interest rale is 3.5% por yoar. a. What is the pcesent yalue of your windfail? b. What is the future value of your windtall in throe years (on the date of the last pinymenta? a. What is the presect value of your windfall? The present value of your windtall is (Round is the nearest dela.) b. What is the future value of your windali in three yeare (ca the date of the last psymenty? The future value of your windlat in three yoars is 3 (Round to the nearest dilafe)
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