You reach a settlement in your lawsuit against Wii, Cheet, Aem, Annhow, LLC which requires the...
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You reach a settlement in your lawsuit against Wii, Cheet, Aem, Annhow, LLC which requires the company to pay you $1,000 per month for the next 5 years. You hear a commercial with a catchy jingle ("it's my money and I want it now.....) and plan to sell your annuity for a single lump sum. Assume you are willing to accept a discount rate of 6.70% on these funds. How much would you expect to receive today in exchange for your rights to continue receiving payments under the settlement? You reach a settlement in your lawsuit against Wii, Cheet, Aem, Annhow, LLC which requires the company to pay you $1,000 per month for the next 5 years. You hear a commercial with a catchy jingle ("it's my money and I want it now.....) and plan to sell your annuity for a single lump sum. Assume you are willing to accept a discount rate of 6.70% on these funds. How much would you expect to receive today in exchange for your rights to continue receiving payments under the settlement?
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