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Bob was injured in an accident, and has received a settlement. Beginning next month for 12 years, Bob will receive a monthly payment of $5,000.

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Bob was injured in an accident, and has received a settlement. Beginning next month for 12 years, Bob will receive a monthly payment of $5,000. If you use a discount rate of 8%, what is Bob's settlement worth today if he were to receive it as a lump sum

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