Question: Problem 7-23 You win a judgment in an auto accident case for $125,000. You immediately receive $20,000 but must pay your lawyer's fee of $5,000.

Problem 7-23 You win a judgment in an auto accident case for $125,000. You immediately receive $20,000 but must pay your lawyer's fee of $5,000. In addition, you will receive $3,000 a year for 25 years for a total of $75,000, after which the balance owed ($30,000) will be paid. If the interest rate is 8 percent, what is the current value of your settlement? Use Appendox Band Appendix to answer the question. Round your answer to the nearest dollar. $

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