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As compensation for damages received in your recent accident, your insurance company will be paying you $45,000 per year for the rest of your
As compensation for damages received in your recent accident, your insurance company will be paying you $45,000 per year for the rest of your life. What is the present value of this settlement given an interest rate of 12.5% ? Select one: O a. $720,000 O b. $36,000 Oc. $3,600 Od. $360,000
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
