Problem #2 Assume you are the plaintiff and have won a structured settlement from a...
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Problem #2 Assume you are the plaintiff and have won a structured settlement from a lawsuit that entitles you to $100,000 each year for the next ten years as your legal settlement. Not being satisfied with the 10-year payout, you decide to explore the option of taking a lump sum cash payout now. Afterall, it is your money and why can't you have it now! An attorney from J. G. Wentworth is offering you $675,000 in cash to buy out your settlement. If the market rate of interest is 5%, would this offer be a good deal for you or not? Explain and show any calculation used to make your conclusion
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