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You have just received a winclall from an investment you made in a friend's business. He wil be poying you $23,750 at the end of
You have just received a winclall from an investment you made in a friend's business. He wil be poying you $23,750 at the end of this year, $47.500 at the end of the following year, and $71,250 at the end of the yoar after that (three years from today). The interest fale is 9.8% per year. a. What is the present value of your windfal? 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 windiali? The present value of your windtall is 3 (Round to the nearest dollar)
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