Question: You win a judgment in an auto accident case for $ 9 7 , 5 0 0 . You immediately receive $ 2 5 ,

You win a judgment in an auto accident case for $97,500. You immediately receive $25,000 but must pay your lawyer's fee of $20,000. In addition, you will receive $3,500 a year for 15 years for a total of $52,500, after which the balance owed ($20,000) 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.
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You win a judgment in an auto accident case for $97,500.

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