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You have just received a windfall from an investment you made in a friends business. He will be paying you $13,571 at the end of
You have just received a windfall from an investment you made in a friends business. He will be paying you $13,571 at the end of this year, $27,142 at the end of next year, and $40,713 at the end of the year after that (three years from today). The interest rate is 13.6% per year.
- What is the present value of windfall
- What is the future value of your windfall in three years (on the date of the last payment)?
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