After a protracted legal case, Joe won a settlement?
Need help the answer i came up with was 84, 938 is this correct.
After a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year payments, so there will be nothing left in the account after the final payment is made?