You have just received a windfall from an investment you made in afriend's business. He will be paying you $ 49 comma 905

$49,905 at the end of thisyear, $ 99 comma 810

$99,810 at the end of the followingyear, and $ 149 comma 715

$149,715 at the end of the year after that(three years fromtoday). The interest rate is 12.6 %

12.6% 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)?