You have just received a windfall from an investment you made in a friends business. He will
Question:
You have just received a windfall from an investment you made in a friend’s business. He will be paying you $32,049 at the end of this year, $64,098 at the end of the following year, and $96,147 at the end of the year after that (three years from today). The interest rate is 12.9% 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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Related Book For 
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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