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After your car was hit by a truck, you have been offered a settlement. In the settlement, you would receive $50,000/year starting in 1 year
After your car was hit by a truck, you have been offered a settlement. In the settlement, you would receive $50,000/year starting in 1 year for 25 years, then $25,000/year for 12 years starting in year 26. If your discount rate is 5%, which of the following is the present value of this settlement? 733,458 767,015 770,131 792,878 803,190 None of the above
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