Question: Benjamin knows that he will be receiving $ 1 2 5 , 2 2 2 to settle an insurance claim, but he will not actually

Benjamin knows that he will be receiving $

125, 222

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

4

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

26 % .

How much would he receive if he takes this deal?

Round your answer to the nearest dollar.

Benjamin knows that he will be receiving $ 1 2 5

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