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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 $16,014 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 $16,014 at the end of this year, S32,028 at the end o following year, and $48,042 at the end of the year after that (three years from today). The interest rate is 74% per year a. What is the present value of your windfall? 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 windfall? The present value of your windfall is S(Round to the nearest dollar)
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