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After your car was hit by a truck, you have been offered a settlement. In this settlement, you would recieve $30,000/year starting in 1 year
After your car was hit by a truck, you have been offered a settlement. In this settlement, you would recieve $30,000/year starting in 1 year for 15 years, then $10,000/year for 15 years starting in year 16. If your discount rate is 7%, what is the present value of this settlement to the nearest dollar?
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