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It is now Gecember 31,2020(t=0), and a jury just found in faver of a woman aho sued the city for injuries sustained in a january

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It is now Gecember 31,2020(t=0), and a jury just found in faver of a woman aho sued the city for injuries sustained in a january 2019 accident. 5he requested recovery of last wages plus $550,000 for pain and sultering plus $110,000 for legal eupenses. Her doctor testified that she hat been unable to work since the accident and that she will not be able to work in the future. She is now 62, and the jury decided that she weuld have worked for another 3 years. 5 he was scheduled to bove earned $36,000 in 2019 . (To simplify thss probiem, aswume that the entire annwal salary amount would have been received on December 31,2019.7 Her emplejer tesaifed that sbe probably would have teceived raises of 3 We per year. The actuat Payment for the jury award will be made on December 31, 2021. The judge stipulated that all dollor amounts are to be adyuted to a present value basis on December 31, zo21, using a rwh annual interest rate and using compound, not simple, interest. Furthermere, he stipulated that the peit and sudfering and legal expenses sheuld be based on a December 31, 20zo, date. How large a check must the oty write on December 31, 2021? Do not round intermediate calculations. Aleund your answer to the nearest dollac

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