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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 $ 4 3 , 3
You have just received a windfall from an investment you made in a friend's business. She will be paying you $ at the end of this year, $ at the end of next year, and $ at the end of the year after that three years from today The interest rate is 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 $Round to the nearest dollar.
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