Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you have just received a windfall from an investme

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

80.2K

Verified Solution

Question

Finance

You have just received a windfall from an investment you made in a friend's business. She will be paying you $10,434 at the end of this year, $20,868 at the end of next year, and $31,302 at the end of the year after that (three years from today). The interest rate is 10.7% 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)?

Question content area bottom

Part 1

a. What is the present value of your windfall?

The present value of your windfall is

$enter your response here.

(Round to the nearest dollar.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the difference between discounted present value and net present value?   What is the NPV of...

Finance
Q

Suppose the heights of adult women follow a normal distribution with a mean of 65.5 inches...

Statistics
Q

How is the mass of a compound related to its chemical formula?.....I needed some explanations and...

Chemistry
Q

This requirement can be met by using generic data, the correct mysql coding of script is...

Programming
Q

Peer rewiev Was Stanley Milgram’s Study of Obedience Unethical? I believe Milligram's study of obedience was unethical....

Psychology
Q

Lacy draws a club from a standard deck of 52 cards Without replacing the first...

Statistics
Q

The following transactions took place at Calhoun Counseling Services, a business established by...

Accounting
Q

Assessing a Boeing Value Creation Identify and assess a major value creation activity evident in...

Accounting
Q

oversight corporation monitors employees ' electronic communications made in the ordinary course of business. this

Accounting
Q

The question is : Provide me with a Reformulation balance sheets and income statements of...

Accounting
Q

Exercise 9-6(Algo) Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] ...

Accounting
Q

Current Attempt in Progress At the beginning of the current season on April 1,...

Accounting