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You are offered a court settlement in the following terms: you will receive 5 equal payments of $2,717 each every year, with the first payment being made 3 years from now. The current annual interest rate is 7%. Assume yearly compounding. What is this settlement worth in present value terms? Enter your answer in the form of dollars, rounded to the nearest cent, and without the dollar sign (‘$’). Get Finance homework help today
You are offered a court settlement in the following terms: you will receive 5 equal payments of $2,717 each every year, with the first payment being made 3 years from now. The current annual interest rate is 7%. Assume yearly compounding. What is this settlement worth in present value terms? Enter your answer in the form of dollars, rounded to the nearest cent, and without the dollar sign (‘$’). Get Finance homework help today
