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You were in an auto accident and are due $ 5 0 , 0 0 0 from the insurance company for the other person that

You were in an auto accident and are due $

50, 000

from the insurance company for the other person that hit you. They are going to pay you this amount in

5

years. What is the value of that money today if you could invest your money at

7 % (

assume annual compounding

) .

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