A plaintiff in a high profile legal suit was offered the following out of court settlement: We the defendant will pay the lump sum of $150 to the plaintiff in exactly 10 years. Using an interest rate of 7.75 percent, determine the amount, to the nearest dollar, that her settlement is worth today.
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You are asked to place your answer in dollars and cents (in other words, round to the second decimal place). DO not include a dollar sign or a comma (should your answer be in thousands or more dollars). The program sets an allowable window around the precise answer so that rounding errors are not penalized.