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The insurance settlement pays you $50,000 in one year, growing at 6$ per year for a...

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Finance

The insurance settlement pays you $50,000 in one year, growingat 6$ per year for a total of 10 years.

a. The discount rate is 4%

b. What is the value today?

Answer & Explanation Solved by verified expert
4.4 Ratings (640 Votes)
Insurance settlement pays 50000 in one year growing at 6 peryear for a total of 10 yearsDiscount rate 4Cash flow in year 1 50000Cash flow in year 2    See Answer
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Transcribed Image Text

The insurance settlement pays you $50,000 in one year, growingat 6$ per year for a total of 10 years.a. The discount rate is 4%b. What is the value today?

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