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Ted will receive a cash settlement of $ 1 9 5 , 0 0 0 in 9 months. A finance company has indicated that they

Ted will receive a cash settlement of $195,000 in 9 months. A finance company has indicated that they would provide cash today based upon a simple discount rate of 26%. How much would Ted receive now if he agrees to these terms?
$144,300.00
$156,975.00
$185,113.50
$189,930.00
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