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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 40,431 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 40,431 at the end of this year, 80,862 at the end of the following year, and 121,293 at the end of the year after that (three years from today). The interest rate is 13.8 % 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 $ enter your response here.
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