Question: a ) The present value of two years back pay. The plaintiff s annual salary for the last two years would have been $ 5

a) The present value of two years back pay. The plaintiffs annual salary for the last two years would have been $55,000 and $58,000, respectively.
(b) The present value of five years future salary. You assume the salary will be $62,000 per year.
(c) $190,000 for pain and suffering.
(d) $35,000 for court costs.
Assume the salary payments are equal amounts paid at the end of each month.
If the interest rate you choose is an EAR of 9 percent, what is the size of the settlement?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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