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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?

1 Answer

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  • avgjoe
    Lv 7
    1 decade ago
    Favorite Answer

    this is math question

    Try a reverse loan site for the answer

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