What is present value of settlement assuming interest rate

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Reference no: EM131300752

Daniel recently got a settlement in a lawsuit that promises $210 in 9 years. It will also pay him a 2nd amount of $490 that will be received in 14 years. Daniel, wants instead to spend the settlement money today. What is the present value of his settlement assuming the interest rate of 4.50%?

Reference no: EM131300752

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