You win a judgment in an auto accident for $550,000. You immediately receive 50.000 but must pay a lawyers fee of $ 5,000 . In addition you will receive 5,000 a year for 20 years for a total of 100,000. Also, at the end of 20 years you will receive the balance the settleme of $400,000 . If the interest rate is 12 percent , what is the current value of your settlement?

Present Value You win a judgment in an auto accident for $550,000. You immediately receive $50,000 but must pay a lawyers fee of $45,000. In addition you will receive $5,000 a year for 20 years for a total of $100,000. Also, at the end of 20 years you will receive the balance of the settlement of $400,000. If the interest rate is 12 percent, what is the current value of your settlement