You are part of a jury. A citizen sues the city for injuries suffered due to a strange accident on a street sweeper. During the trial, doctors testified that it will be five years before the plaintiff can return to work. The jury has already ruled in favor of the complainant. You are the president of the jury and he proposes that he grant the plaintiff a ruling covering the following: 1) the present value of two years of back pay. The plaintiff's annual salary during the last two years was $ 47,000 and $ 50,000, respectively. 2) The present value of five years of future salary. You assume that the salary will be $ 55,000 annually. 3) $ 100,000 for pain and suffering. 4) $ 20,000 for trial costs. Assume that salary payments are equal amounts paid at the end of each month. If the interest rate you choose is an effective annual rate (APR) of 8%, what is the magnitude of the settlement? If you were the plaintiff, would you like to see a higher or lower interest rate?