What is the present value of the settlement

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Reference no: EM13875135

Please provide the steps to solving this problem using a financial calculator:

You expect to receive $5,500 in 9 years from a lawsuit settlement. What is the present value of the settlement? Use an annual interest rate of 7.25%.

Reference no: EM13875135

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What is the present value of the settlement : You expect to receive $5,500 in 9 years from a lawsuit settlement. What is the present value of the settlement? Use an annual interest rate of 7.25%.

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