Mathematics, 28.01.2021 03:00 lilroach4

Can you someone please help me I’m bout to flip out! I don’t understand this question and everything I put in is wrong. CH
A financial company advertises on television that they will pay you $55,000 now in exchange for annual payments of $8,500 that you
are expected to receive for a legal settlement over the next 10 years. You estimate the time value of money at 7 percent
(a) Calculate the present value of the annual payments. Use Exhibit 1-D. (Round time value factor to 3 decimal places and final
answer to the nearest whole number.)
Present value
(b) Would you accept this offer?
No
Yes

Can you someone please help me I’m bout to flip out! I don’t understand this question and everythin

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