Question

You have just received a windfall from an investment you made in a friend's business. He will be paying you $23,775 at the end of this year, $47,550 at the end of the following year, and $71,325 at the end of the year after that (three years from today). The interest rate is 11.4% 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. What is the present value of your windfall? The present value of your windfall is $ (Round to the nearest dollar.) b. What is the future value of your windfall in three years (on the date of the last payment)? The future value of your windfall in three years is $ (Round to the nearest dollar)

          You have just received a windfall from an investment you made in a friend's business. He will be paying you $23,775 at the end of this year, $47,550 at the end of the
following year, and $71,325 at the end of the year after that (three years from today). The interest rate is 11.4% 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. What is the present value of your windfall?
The present value of your windfall is $ (Round to the nearest dollar.)
b. What is the future value of your windfall in three years (on the date of the last payment)?
The future value of your windfall in three years is $ (Round to the nearest dollar)

You have just received a windfall from an investment you made in a friend's business. He will be paying you 23,775 at the end of this year,47,550 at the end of the
following year, and 71,325 at the end of the year after that (three years from today). The interest rate is 11.4% 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. What is the present value of your windfall?
The present value of your windfall is (Round to the nearest dollar.)
b. What is the future value of your windfall in three years (on the date of the last payment)?
The future value of your windfall in three years is (Round to the nearest dollar)

Added by Sandra N.

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