Question: CO eBook Problem 7-23 You win a judgment in an auto accident case for $115,000, You immediately receive $30,000 but must pay your lawyer's fee
CO eBook Problem 7-23 You win a judgment in an auto accident case for $115,000, You immediately receive $30,000 but must pay your lawyer's fee of $25,000. In addition, you will receive $4,000 a year for 15 years for a total of $60,000, after which the balance owed ($25,000) will be paid. If the interest rate is 8 percent, what is the current value of your settlement? Use Appendix B and Appendix D to answer the question. Ibund your answer to the nearest dollar. O $ 48695 Hide Feedback Incorrect. O
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