What is the present value of john settlement

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John was injured in an accident caused by a truck driver. The truck company agreed to pay John 5 annual payments of $50,000 with the first of these payments 5 years from today. Assuming a 5% annual interest rate, what is the present value of John's settlement?

Please show steps used (values inserted into the financial calculator) to complete the problem.

Reference no: EM133116124

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