What is the present discounted value of the payments

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Suppose that you have won a wrongful injury lawsuit and have been awarded $5 million dollars. However, the $5 million is going to come in two payments. The first payment is $3 million and will be paid in exactly one year. The remaining $2 million is paid in exactly two years time. If the interest rate is 5%, what is the Present Discounted Value of the payments?

Reference no: EM13770252

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