Back to Assignment Ampte Average / 1 23. Problem 7-23 BOOK Problem 7-23 You win a judgment in an auto acudent care for $77.500. You meiately receive 520.000 but must pay your lawyer's fee of $10,000. In adlition, you will receive $2,500 a year for 15 years for a to $37.500, after which the balance owed ($20,000) will be paid if the interest rate is 8 percent, what is the current value of your settenent? Use Appendix and Appendix D to andwer the question. Round your answer to the nearest dotar $ Grade it Now Save & Continue Continue without saving Interest Factors for the Future Value of an Annuity of One Dollar Time Period (en. year) 1 2 3 4 5 -NM 1% 1.000 2010 3.030 4,060 5.101 2% 1.000 2.020 3,060 4.122 5.204 3% 1.000 2.030 3.091 4.184 5.309 4% 1.000 2.040 3.122 4.246 5.416 5% 1.000 2.050 3.152 4.310 5.526 EX 1.000 2.060 3.184 4 375 5.637 75 1.000 2.070 3.215 4.440 5.751 8% 1.000 2.080 3.246 4.506 5.867 94 1.000 2.090 3.278 4.573 5.985 10% 1.000 2.100 3310 4.641 6.105 12% 1.000 2.120 3,374 4.770 6.353 1.000 2.140 3.440 4.921 6.610 16% 1.000 2.160 3.506 5.067 6877 20% 1.000 2.200 3.640 5.368 7.442 6 7 8 9 10 6.152 7.214 8.286 9.369 10.462 6.308 7.434 8.583 9.755 10.950 6.468 7.662 8.892 10.159 11,464 6.633 7.898 9.214 10.583 12.006 6.802 8.142 9.549 11.027 12.578 6.975 8.394 9.897 11.491 13.181 7.153 8.654 10.260 11.978 13.816 7336 8.923 10.632 12.488 14.487 7.523 9.200 11.028 13.021 15.193 7.716 9.487 11.436 13.579 15.937 8.115 10.089 12.300 14.776 17549 8.536 10.730 13.233 16.085 19.337 8.978 11.413 14.240 17518 21.321 9.930 12915 16.499 20.798 25 958 11 12 13 14 15 11.567 12.169 12.683 13.412 13.809 14.680 14 947 15.974 16.097 17.293 12.808 14.192 15.618 17.086 18.599 13.486 15.026 16.627 18.292 20.024 14.202 15 912 17.713 19.599 21.579 14 972 16.870 18 882 21.051 23.276 15.784 17.888 20.141 22.550 25.129 16.645 18.977 21.495 24 215 27.152 17560 20.141 22.953 26.019 29.361 18.531 21.384 24 523 27.975 31.772 20.655 24.138 28.029 32.393 37.280 23.044 27.271 32.089 37.581 43.842 25.732 30.850 36.786 43.672 51.659 32.150 39.580 48.496 59.195 72.035 16 17 18 19 20 17.258 18.430 19.615 20.811 22.019 18.639 20.012 21.412 22.841 24.297 20.157 21.762 23.414 25.117 26.870 21.825 23.698 25.645 27.671 29.778 23.657 25.840 28.132 30.539 33.066 25.673 28.213 30.906 33.760 36.786 27.888 30.840 33.999 37.379 40.995 30.324 33.750 37.450 41.446 45.762 33.003 36.974 41 301 46.018 51.160 35.950 40.545 45.599 51.159 57.275 42.753 48.884 55.750 63.440 72.052 50.980 59.118 68.934 78.969 91.025 60.925 87.442 71673 105.93 84.140 128.11 98.603 154.74 115.370 186.68 25 28.243 32.030 36.459 41.646 47.727 54.865 63,249 73.106 84.701 98.347 133.33 181.87 249.210 471.98 30 34.785 40.568 47.575 56,085 66.439 79.058 94461 113.283 136 308 164.494 241.333 356.878 53031011818 % 2 www Interest Factors for the Present Value of One Dollar 9 11 3 , 2% ret us E7% AHE
