You have a structured settlement but you need cash now... so you call J.G. Wentworth and they
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Question:
You have a structured settlement but you need cash now... so you call J.G. Wentworth and they make you a low-ball offer that you reject.
Your settlement calls for three payments of cash in the amounts of $115 paid one year from today, $63 two years from today, and finally, $97 three years from today.
Assume the discount rate is 6.1%, what is the fair and present value of this lease?
Skip the $ sign and answer to the nearest penny.
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