What is the present value of? windfall

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You have just received a windfall from an investment you made in a? friend's business. He will be paying you $14,626 at the end of this year, $29,252 at the end of the following year, and $43,878 at the end of the year after that (three years from today). The interest rate is 8.8% per year.

Question a. What is the present value of windfall?

Question b. What is the future value of windfall in three years (on the date of the last payment)?

Reference no: EM132522773

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