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What is the settlement worth now

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Question

Hope has a structured settlement that will pay her 1,377 a month for the next 64 months, but she needs cash now. She is interested in selling the settlement for a lump sum cash payment. If she uses an interest rate of 4.85%, what is the settlement worth now? Enter your answer as a positive number rounded to the nearest dollar.

Reference no: EM133363068

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