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It is now December 31,2018 ( t=0), and a jury just found in favor of a woman who sued the oty for injuries sustained in

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It is now December 31,2018 ( t=0), and a jury just found in favor of a woman who sued the oty for injuries sustained in a lanuary. 2017 accident, 5 hhe requested recovery of lost Wages plus $00,000 for pain and sulfering plus $100,000 for legal expenses. Her doxtor testfied that she has been unable to work since the acoient and that she will not be able to work in the future. She is now 62 , and the jury decided that she would have worked for another three years, she was scheduled to huve earned s43, ooo in 2017 . [To eimplfy this problem, assume that the entire annual salary amount would have been recelved on December 31, 2017.) Her employer testifed that she probably would have recelined raises of 3\%. per year. The actuat paymens for the jury award wil be made on December 31, 2019. The judge stipulated that all dollar amounts are to be adjuited to a present value basis on December 31, 2019, using a 6% annual interest rate and using compound, not simple, interes.. Furthermore, he stipulated that the pain and surfering and legal expenses should be based on a December 31, 2018, date. How large a check must the city write on December 31, 2019? Do not round intermedlate calculatians, Found your answer to the nearest dibliar

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