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You have just received a windfall from an investment you made in a friend's business. She will be paying you $35,081 at the end of
You have just received a windfall from an investment you made in a friend's business. She will be paying you $35,081 at the end of this year, S70,162 at the end of next year, and 5105,243 at the end of the year after that three years from today). The interest rate is 4.2% 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? Click the icon to see the Worked Solution (Formula Solution). Click the icon to see the Worked Solution (Financial Calculator and Spreadsheet Solution) a. What is the present value of your windful? The present value of your windfall is $ 191,309.8426 (Round to the nearest dolar) b. What is the future value of your windtail in three years on the date of of the last payment? The future value of your windfall in three years is 216 441 4909. (Round to the nearest dollar)
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