you have just received a windfall from an investment you made in a friends business. She will be paying you $36,608 at t

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answerhappygod
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you have just received a windfall from an investment you made in a friends business. She will be paying you $36,608 at t

Post by answerhappygod »

you have just received a windfall from an investment you made in
a friends business. She will be paying you $36,608 at the end of
this year, $73,216 at the end of next year, and $109,824 at the end
of the year after that (three years from today). The interest rate
is 4.5% per year.
1- The present value of your windfall is ___?
2-What is the future value of your windfall in three years (on
the date of the last payment)?
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