You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows:
$20,000 immediate payment
$5,000 a year for ten years
$30,000 after ten years.
If the lawyer's fee is $10,000, what is the net value of this settlement if the interest rate is 6 percent?

Question

You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows: 
 $20,000 immediate payment 
$5,000 a year for ten years 
$30,000 after ten years. 
 If the lawyer's fee is $10,000, what is the net value of this settlement if the interest rate is 6 percent?

Quizplus · Accepted Answer

The Answer of You are hurt in a car accident and your lawyer wins a $100,000 settlement to be distributed as follows: 
 $20,000 immediate payment 
$5,000 a year for ten years 
$30,000 after ten years. 
 If the lawyer's fee is $10,000, what is the net value of this settlement if the interest rate is 6 percent?

You Are Hurt in a Car Accident and Your Lawyer