Solved: Protracted legal case, After a protracted legal case Joe won a settlement that will pay, Finance Basics

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Protracted legal case

Problem: After a protracted legal case Joe won a settlement that will pay him $11,000 each year at the end of the year for the next 10 year If the market interest rates are currently 5% exactly how much should the court invest today assuming end of year payment so there will be nothing left in the account after the final payment is made?

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Finance Basics: Protracted legal case

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