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You are offered a court settlement in the following terms: you will receive 7 equal payments of $ 7 2 6 each every year, with
You are offered a court settlement in the following terms: you will receive equal payments of $ each every year, with the first payment being made years from now. The current annual interest rate is Assume yearly compounding. What is this settlement worth in present value terms?
Enter your answer in terms of dollars and cents, rounded to decimals, and without the dollar sign. That means, for example, that if your answer is $ you must enter
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