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A financial company that advertises on television will pay you $64,000 now for annual payments of $9,100 that are expected to receive for a legal
A financial company that advertises on television will pay you $64,000 now for annual payments of $9,100 that are expected to receive for a legal settlement over the next 8 years. Assume you estimate the time value of money at 11 percent. Round your answer to the nearest whole number.
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