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 starting now
$30,000 after ten years.
If the lawyer's fee is $10,000,what is the value of this settlement if the interest rate is 10 percent?
Correct Answer:
Verified
Correct Answer:
Verified
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