You win a judgment in an auto accident case for $97,500. You immediately receive $30,000 but must pay your lawyer's fee of $20,000. In addition, you will receive $2,500 a year for 15 years for a total of $37,500, after which the balance owed ($30,000) will be paid. If the interest rate is 7 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. $

appendix B

appendix D

Interest Factors for the Present Value of One Dollar % % , Time Period , year) 990 980 9 962 952 43 935 976 980 961943925907890 8157 1971942915 889 864 840 816 1794 1961 924 89855 | 1823792 135 951906863 822 784 47 681 20% 1.833 781 091284 17909893-877 82 826 9769 5172 68366 621567 610 477 373 291 790 507 1.746- 1711 | 451 942888 838 1.87] 813 853 789 214837 1766 1905 820 44 * 564 513 467 424 AD- g7 592 361 676 614 % 1896 800 350 ( 257 319 80 758 1861743 661 642 555 48 | | 239 1218 08 054 | 163 117 231 146 049 853729 623 34 ) | 30 1436 37 836 00587494 350 22868650 220 673 4 46 37 32 35 780 610 478 375 295 233184 | 74252412 1308 231 174 131 009 038 030 1024 020 015 012 016 007 010 004 03 002 001 30 Interest Factors for the Present Value of an Annuity of One Dollar Time Period (e.g. year) 6x 2 3 4 5 1% 2% 3% 4% 8% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 1.970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 9% 10% 12% 16% 18% 20% 24% 28% 32% 36% 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1.759 1.736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1.981 1.868 1.766 1.674 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 6 7 8 9 10 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.32 3.020 2.759 2.534 2.399 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288.4.039 3.812 3.6057 3.242 2.937 2678 2.455 7.652 7.325 7,020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2.540 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 9.471 8.983 8.530 8.111 7.722 7360 7024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 11 12 13 14 15 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683 11.255 10.575 9.954 9.385 8.863 8.384 7943 7536 7161 6,814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 12.134 11.348 10.635 9.986 9.394 8.534 8.358 7904 7.487 7.103 6.424 5.842 5.342 4.910 4.533 3.912 3.427 3.040 2.727 13 004 12 106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.0025.468 5008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8,060 7606 6.811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 17 18 19 20 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 7.824 6.974 6.265 5.669 5.162 4.730 4.003 3.503 3.088 2.758 15 562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.002 7.1206.3735.749 5.222 4.775 4.059 3.518 3.097 2.763 16 398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 17226 15.678 14,324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7366 6.550 5.877 5.316 4.844 4.0973.539 3.109 2.770 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5.929 5.353 4.870 4.110 3.546 3.113 2.772 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 98239.077 7.8436.873 6.097 5.467 4948 4.147 3.564 3.122 2.776 30 25.808 22.937 19.600 17.292 15.373 13.765 12.409 11.258 10.274 9.427 8055 7003 6.177 5517 4.979 4.160 3.569 3.124 2.778