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Your aunt is a songwriter and will receive three royalty payments because of a hit song she wrote. She will receive $35,567 at the end

Your aunt is a songwriter and will receive three royalty payments because of a hit song she wrote. She will receive

$35,567

at the end of this year,

$71,134

at the end of next year, and

$106,701

at the end of the year after that (three years from today). If the interest rate is

14.6%

per year, what is the future value of your aunt's royalty payments in three years (immediatley after the last payment)?

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