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John Lang was infured in a car accident. As the result of his injuties, Mr. Lang won a legal case that allownilith to colled 528000
John Lang was infured in a car accident. As the result of his injuties, Mr. Lang won a legal case that allownilith to colled 528000 cash per ycar for five years in order to pay his medical bilis, Mr. Lang needs his money now. Assuming on ordinary annuity and a 13Wr required rate of refurn, which ol the followhing represents tho amount of cast a financing company would be wiling to pay today to buy the annulty owed to Mi. Lang? (Use the peyA als1 tablel Note: Round your answer to the neorest whole dollat. Muitiple Choice $98,482 $140000 $91,009 None of these choices are correct
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