What is the present value of your windfall

Reference no: EM133251607

Question - You have just received a windfall from an investment you made in a friend's business. He will be paying you $19,786 at the end of this year, $39,572 at the end of the following year, and $59,358 at the end of the year after that (three years from today). The interest rate is 12.1% per year.

Required -

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)?

Reference no: EM133251607

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