You have just received a windfall from an investment you made in a friend's business. She will be paying you $25,155 at
Posted: Mon Apr 18, 2022 9:25 am
You have just received a windfall from an investment you made in
a friend's business. She will be paying you $25,155 at the end of
this year, $50,310 at the end of next year, and $75,465 at the
end of the year after that (three years from today). The interest
rate is 12.2% 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 friend's business. She will be paying you $25,155 at the end of
this year, $50,310 at the end of next year, and $75,465 at the
end of the year after that (three years from today). The interest
rate is 12.2% 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)?