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What is the future value of your windfall in three years

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Question - You have just received a windfall from an investment you made in a friend's business. She will be paying you $18,811 at the end of this year, $37,622 at the end of next?year, and $56,433 at the end of the year after that? (three years from today). The interest rate is 8.8% 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: EM133189973

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