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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 $ 1 2 , 3

You have just received a windfall from an investment you made in a friend's business. He will be paying you $12,320 at the end of this year, $24,640 at the end of the following year, and $36,960 at the end of the year after that (three years from today). The interest rate is 14.8% 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 $.(Round to the nearest cent.)
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