Question: Benjamin knows that he will be receiving $101,592 to settle an insurance claim, but he will not actually be paid for another 4 months. Needing

Benjamin knows that he will be receiving $101,592 to settle an

Benjamin knows that he will be receiving $101,592 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 34%. How much would he receive if he takes this deal? Round your answer to the nearest dollar

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