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Question 1 0 You are offered a court settlement in the following terms: you will receive 4 equal payments of $ 8 , 2 6

Question 10
You are offered a court settlement in the following terms: you will receive 4 equal payments
of $8,268 each every year, with the first payment being made 3 years from now. The current
annual interest rate is 8%. Assume yearly compounding. What is this settlement worth in
present value terms?
Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar
sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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