Question: eBook Problem 7-23 You win a judgment in an auto accident case for $75,000. You immediately receive $25,000 but must pay your lawyer's fee of
eBook Problem 7-23 You win a judgment in an auto accident case for $75,000. You immediately receive $25,000 but must pay your lawyer's fee of $10,000. In addition, you will receive $2,000 a year for 15 years for a total of $30,000, after which the balance owed ($20,000) 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, Round your answer to the nearest dollar. $
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