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Problem $7-23$

You win a judgment in an auto accident case for $$120,000.$ You immediately receive $$30,000$ but must pay your lawyer's fee of $$20,000.$ In addition, you will receive $$3,000$ a year for $25$ years for a total of $$75,000,$ after which the balance owed $)$ will be paid. If the interest rate is $6$ percent, what is the current value of your answer the question. Round your answer to the nearest dollar.