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you have just recieved a windfall from an investment you made in a friends buisness. he will be paying you $11,412 at the end of
you have just recieved a windfall from an investment you made in a friends buisness. he will be paying you $11,412 at the end of the year, $22,824 at the end of the following year, and $34,236 at the end of the year after that. (3 years from today). the interest rate is 6.3% per year.
A. What is the present value of windfall?
B. What is the future value of windfall in three years (on date of last payment)
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