Question

You have been awarded $1 million following a civil trial. The $1 million is scheduled to be paid out as follows: $300,000 in exactly 1 year, another $300,000 in exactly 2 years, and the remaining $400,000 in exactly 3 years. You have recently started a business venture and would like to raise as much capital as you can now, so you have solicited bids from several companies to sell the rights to your structured settlement. If you use a discount rate of 10% for all business and personal transactions, what is the minimum amount you should accept in exchange for the rights to the structured settlement?


$1.99
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  • CreatedAugust 07, 2015
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