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

You have just received a profit from an investment you made in a friend's business. She will be paying you 12,000 in one year, 25,000 in two years, 36,000 three years from today. The interest rate is 7% per year. The present value of your profit is:

1. 59,589.75

2. 68,224.30

3. 78,110.00

4. 62,437.65

Expert Solution

jeff jeffy answered 2 years ago

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