Essay
You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows:
$20,000 immediate payment
$5,000 a year for ten years
$30,000 after ten years.
If the lawyer's fee is $10,000, what is the net value of this settlement if the interest rate is 6 percent?
Correct Answer:
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Present value of the payments
$2...View Answer
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Correct Answer:
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$2...
View Answer
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