Current equivalent lump sum

Assignment Help Management Theories

Reference no: EM13967964

After an injury, you win a lawsuit judgment of $1,370 per month starting next month for a total of 25 months. If the interest rate is 5.8% APR compounded monthly, what is the current equivalent lump sum of your settlement?

Give your anser to the nearest dollar.

Reference no: EM13967964

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Current equivalent lump sum : After an injury, you win a lawsuit judgment of $1,370 per month starting next month for a total of 25 months. If the interest rate is 5.8% APR compounded monthly, what is the current equivalent lump sum of your settlement?

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