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You tried to sneak a coffee into the movie theatre. It spilled and burnt you. Your lawyer says that you can expect a payout from the coffee shops insurance company of $10172 per year for 15 years. The only catch is that the first payment wont happen until the court case is over in 3 years. What is the present value of your settlement as of today? Assume an interest rate of 2%

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Financial Management, Finance

Category:- Financial Management
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