Plaintiff in a high profile legal suit was offered

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Reference no: EM131015958

A plaintiff in a high profile legal suit was offered the following out of court settlement: We the defendant will pay the lump sum of $150 to the plaintiff in exactly 10 years. Using an interest rate of 7.75 percent, determine the amount, to the nearest dollar, that her settlement is worth today.

You are asked to place your answer in dollars and cents (in other words, round to the second decimal place). DO not include a dollar sign or a comma (should your answer be in thousands or more dollars). The program sets an allowable window around the precise answer so that rounding errors are not penalized.

Reference no: EM131015958

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