Business, 19.02.2021 01:00 gototiger

You are offered a court settlement in the following terms: you will receive 5 equal payments of $9,980 each every year, with the first payment being made 5 years from now. The current annual interest rate is 7%. Assume yearly compounding. What is this settlement worth in present value terms

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You are offered a court settlement in the following terms: you will receive 5 equal payments of $9,9...