Question 5 Your firm has settled a customer complaint. The court orders you to pay the customer $10,000 now, $7,500 a year from now, $5,000 the year after and $2,500 the year after that. You want to instead settle with the customer now. How much should you offer the customer now? The local bank pays 5% per year on savings. Show your work.

Your firm has settled a customer complaint. The court orders you to pay the customer $10,000 now, $7,500 a year from now, $5,000 the year after and $2,500 the year after that. You want to instead settle with the customer now. How much should you offer the customer now? The local bank pays 5% per year on savings. Show your work