You have been offered a legal settlement of a lawsuit, receiving $100,000 today, $200,000 at the end
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Question:
You have been offered a legal settlement of a lawsuit, receiving $100,000 today, $200,000 at the end of every year for Year-1 to Year-4, and $300,000 at the end of Year-5. If the discount rate is 5 percent per year, what is the present value of your settlement?
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