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10. Marty has been offered an injury settlement of $16,000 payable in 4 years. He wants to know what the present value of the injury

10. Marty has been offered an injury settlement of $16,000 payable in 4 years. He wants to know what the present value of the injury settlement is. What is its present value if the relevant interest rate is 5%?

a. $13,163.24 b. $13,554.78

c. $14,045.14 d. $14,594.94

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