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What is the amount that she should accept in this scenario

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Question - Sarah just won a settlement with an insurance company, which entitles her to receive payments of $30,363 at the beginning of each year for the next 12 years. Her financial advisor recommended to her that she consider accepting a lump-sum payment now, using a discount rate of 5.00%. What is the amount that she should accept in this scenario?

Reference no: EM133042537

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