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Inga was injured and can no longer work. As a result of a lawsuit, she is to be awarded the present value of the income
Inga was injured and can no longer work. As a result of a lawsuit, she is to be awarded the present value of the income she would have received over the next 15 years. Her income at the time she was injured was $80,000 per year, increasing by $4,400 per year. What will be the amount of her award, assuming continuous income and a 4% interest rate? (Round your answer to the nearest cent.)
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