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

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You have just received a windfall from an investment you made in a friends business. She will be paying you $10,000 a year,

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Answer 1

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Answer #1

Year 1 10,000.00 year 2 10,000.00 Year 3 30,000.00 Cash flow Interest rate 3.50% Present value 10000/1.035 +10000/1.035^2 +30

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