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You have just received a windfall from an investment you made in a friend's business. He will be paying you $46,819 at the end of
You have just received a windfall from an investment you made in a friend's business. He will be paying you $46,819 at the end of this year, $93,638 at the end of the following year, and $140,457 at the end of the year after that (three years from today). The interest rate is 13.8% per year. a. What is the present value of your windfall? Answer with NO decimals, 5 points. :$ (208750 - 208752) . b. What is the future value of your windfall in three years (on the date of the last payment)? Answer with NO decimals, 5 points. $ (307648307650)
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