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You have just received a windfall from an investment you made in a friend's business. She will be paying you 33,807 at the end of this year, $67,614 at the end of next year, and $101,421 at the end of the year after that? (three years from today). The interest rate is 10.4% 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)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92816613

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