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You tried to sneak a cappuccino into the movie theatre. It spilled on your leg and scalded you. Your lawyer says that you can expect
You tried to sneak a cappuccino into the movie theatre. It spilled on your leg and scalded you. Your lawyer says that you can expect a payout from the coffee shops insurance company of $10,000 per year for 11 years. The only catch is that the first payment wont happen until the court case is over in 2 years. What is the present value of your settlement as of today? Assume an interest rate of 4%.
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