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1. You are serving as a foreman on a jury which began in January 2020. A 20 year-old plaintiff is suing the town of Wakefield, RI for injuries sustained after falling down an uncovered manhole in 2018. In the trial, doctors testified that it will be 5 years before the plaintiff is able to return to college. The jury has already decided in favor of the plaintiff. You and your co-jurors propose that the plaintiff receives the following judgement:
i) 2 years of back pay ($54,000 in 12/2018, $62,000 in 12/2019). Assume that it is January 1 2020 and that all salary is received at year end.
ii) 5 years of future salary (2020-2024). Assume that the plaintiff's salary would increase at a rate of 3.5 percent per year.
iii) $100,000 for pain and suffering
iv) $20,000 for court costs.
What is the size of the settlement if current interest rate is 7 percent?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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