Question: Benjamin knows that he will be receiving $ 1 2 4 , 9 1 0 to settle an insurance claim, but he will not actually

Benjamin knows that he will be receiving $

124, 910

to settle an insurance claim, but he will not actually be paid for another

3

months. Needing cash now, he is considering an offer from a finance company to buy this payment from him by paying him cash today. The annual simple discount rate they are offering him is

29 % .

How much would he receive if he takes this deal?

Round your answer to the nearest dollar.

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