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You have just received a windfall from an investment you made in a? friend's business....

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Finance

You have just received a windfall from an investment you made in a? friend's business. He will be paying you $37,929

at the end of this? year,

$75,858

at the end of the following? year, and

$113,787

at the end of the year after that? (three years from? today). The interest rate is

9.5%

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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