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What is the current value of your settlement

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Reference no: EM133064879

Question - You win a judgment in an auto accident case for $115,000. You immediately receive $30,000 but must pay your lawyer's fee of $15,000. In addition, you will receive $4,000 a year for 15 years for a total of $60,000, after which the balance owed ($25,000) will be paid. If the interest rate is 6 percent, what is the current value of your settlement?

Reference no: EM133064879

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