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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 $ 3 0
You have just received a windfall from an investment you made in afriends business. He will be paying you $at the end of thisyear$at the end of the followingyear and $at the end of the year after that years fromtodayThe interest rate is per year.
aWhat is the present value of yourwindfall
bWhat is the future value of your windfall in yearson the date of the lastpayment
The answer for A is What is the future value of your windfall in yearson the date of the lastpayment
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