Assume that you have just come to a settlement agreement with your insurance companyThey have agreed to

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Assume that you have just come to a settlement agreement with your insurance companyThey have agreed to a structured settlement where they will make a total of 37 payments of $1,450 each over the next 15 years, where the first payment will be made today and all other payments will be paid every 5 months thereafter (that is Months 0,5,10,15... ... 180). You have determined that the present value of this structured settlement is $ 28,320.94 today Given this information, determine your nominal annual required rate of return with monthly compounding.

Posted Date: May 15, 2024 01:49 PM

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Assume that you have just come to a settlement agreement with your insurance companyThey have agreed to

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