Question: Question 1 4 1 pts Benjamin knows that he will be receiving $ 1 1 9 , 3 9 7 to settle an insurance claim,

Question

14

1

pts

Benjamin knows that he will be receiving $

119, 397

to settle an insurance claim, but he will not actually be paid for another

3

months. Needing cash now, he is considering an offer from a finance company to buy this payment from him by paying him cash today. The annual simple discount rate they are offering him is

34 % .

How much would he receive if he takes this deal?

Round your answer to the nearest dollar.

Question 1 4 1 pts Benjamin knows that he will be

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