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Mr big Bucks says he will pay you $60,000.00 now for annual payments of $10,000 that you are expected to receive for a legal settlement

Mr big Bucks says he will pay you $60,000.00 now for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years. What is the present value of this assuming the time value of the money at 8%?

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