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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 $ 32,632 at the end of this year, $65,264 at the end of the following? year, and $97,896 at the end of the year after that? (three years from today). The interest rate is 13.8 % 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)?
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