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you just won a lawsuit. you will receive the first payment of $1000 one year from today. after receiving that payment, the amount they received
you just won a lawsuit. you will receive the first payment of $1000 one year from today. after receiving that payment, the amount they received will increase by 5% forver. you offer to sell your friend all the cash flows from this settlement for a lump sum today. the appropriate rate of return on this investment is 10%, how much should they pay you for it today?
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