You have just received a windfall from an investment you made in afriend's business. She will be paying you $37,748 at the end of thisyear, $75,496 at the end of nextyear, and $113,244 at the end of the year after that(three years fromtoday). The interest rate is 6.3 % per year.

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)?