What is the present value of settlement

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Question: A divorce settlement of $40,000 is paid in $1000 payments at the end of each of 40 months. What is the present value of this settlement if money is worth 12%, compounded monthly? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131785331

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