Answer:
Present Value = $55,390.58
Future value = $61,412.53
Explanation:
Given:
1st payment(C1) = $10,000
2nd payment(C2) = $20,000
3rd payment(C3) = $30,000
Interest rate(r) = 3.5% = 0.035
Present value ( PV ) = ?
Future value ( FV ) = ?
Computation of Present value:
Present Value = $55,390.58
Computation of Future value:
Future value = $61,412.53