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You have received a lump-sum settlement of $140,000 from a work-related injury lawsuit. You want to invest this lump sum and take out regular monthly
You have received a lump-sum settlement of $140,000 from a work-related injury lawsuit. You want to invest this lump sum and take out regular monthly payments for the next 40 years with nothing left of the lump sum. If you can earn 6% interest on your investment, how much will you be able to take out each month? Your
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