you have just received a windfall from an investment you made in a friends business. She will be paying you $36,608 at t
Posted: Wed Mar 09, 2022 8:41 am
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)?
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)?