Question: Question 14 0/1 pts Benjamin knows that he will be receiving $103,717 to settle an insurance claim, but he will not actually be paid

Question 14 0/1 pts Benjamin knows that he will be receiving $103,717 to settle an insurance claim, but he will not actually be paid for another 2 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 35%. How much would he receive if he takes this deal? Round your answer to the nearest dollar. You Answered 98,000 Correct Answer 97,667 margin of error +/- 15

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