Question
You have just received a windfall from an investment you made in a friend's business. She will be paying you $100,000 in one year, $200,000
You have just received a windfall from an investment you made in a friend's business. She will be paying you $100,000 in one year, $200,000 in two years, and $300,000 in three years. The interest rate is 3.2% per year.
What is the value of your windfall in three years, right after receiving the last payment?
Round your answer to the nearest dollar and enter it without a dollar sign.
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
