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A 62 year old manufacturing worker suffers an injury that makes him unable to work for...

A 62 year old manufacturing worker suffers an injury that makes him unable to work for 3 years. If his salary is $50,000 and anticipated inflation is 2% a year and the discount rate is estimated to be 1%, then what is the present value of his lost income? You MUST show work in order to get full credit. Round to the nearest dollar.

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Answer #1

So, The present value of lost income is $ 1,49,990 (Rounded to nearest dollar)

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