A plaintiff in a successful lawsuit was awarded ajudgment
Chapter 7, Problem 7.20(choose chapter or problem)
A plaintiff in a successful lawsuit was awarded ajudgment of $4800 per month for 5 years. Theplaintiff has the need of a fairly large sum of moneyimmediately for an investment of his own, and hasoffered the defendant the opportunity to pay off theaward in a lump-sum amount of $110,000. If thedefendant accepts the offer and pays the $110,000now, what rate of return will the defendant havemade by not paying the 60 monthly amounts?
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