Solution-Exchange for the right to the future

Exchange for the right to the future

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Reference no: EM131206041

You just called J.G. Wentworth. You told them that you had just found out you will be receiving $10,000 each year for five years and the first payment will occur one year from now.The underwriter at J.G. Wentworth tells you that they will give you $30,000 today in exchange for the right to the future $10,000 payments.What annual interest rate are you being charged by J.G. Wentworth if you decide to get the $30,000 from them?}

Reference no: EM131206041

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Exchange for the right to the future : J.G. Wentworth tells you that they will give you $30,000 today in exchange for the right to the future $10,000 payments.What annual interest rate are you being charged by J.G. Wentworth if you decide to get the $30,000 from them?}

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Exchange for the right to the future

Reference no: EM131206041

Reference no: EM131206041

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