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You have just received a windfall from an investment you made in afriend's business. She will be paying you $10,728 at the end of thisyear,
You have just received a windfall from an investment you made in afriend's business. She will be paying you $10,728 at the end of thisyear, $21,456 at the end of nextyear, and $32,184 at the end of the year after that(three years fromtoday). The interest rate is 12.8 %
a. What is the present value of yourwindfall?
b. What is the future value of your windfall in three years(on the date of the lastpayment)?
Round to the nearest dollar
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