Question: Problem 7 - 2 3 You win a judgment in an auto accident case for $ 1 3 5 , 0 0 0 . You

Problem 7-23
You win a judgment in an auto accident case for $135,000. You immediately receive $20,000 but must pay your lawyer's fee of $15,000. In addition, you will receive $4,000 a year for 25 years for a total of $100,000, after which the balance owed ($15,000) will be paid. If the interest rate is 6 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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Problem 7-23 You win a judgment in an auto accident case

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