Question
In: Finance
You are serving on a jury. A plaintiff is suing the city for injuries sustained after...
|
You are serving on a jury. A plaintiff is suing the city for injuries sustained after a freak street-sweeper accident. In the trial, doctors testified that it will be five years before the plaintiff is able to return to work. The jury has already decided in favor of the plaintiff. You are the foreperson of the jury and propose that the jury give the plaintiff an award to cover the following: |
| (a) |
The present value of two years’ back pay. The plaintiff’s annual salary for the last two years would have been $67,000 and $70,000, respectively. |
| (b) |
The present value of five years’ future salary. You assume the salary will be $73,000 per year. |
| (c) | $245,000 for pain and suffering. |
| (d) |
$40,000 for court costs. |
| Assume the salary payments are equal amounts paid at the end of each month. |
|
If the interest rate you choose is an EAR of 8 percent, what is the size of the settlement? |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
You are serving on a jury. A plaintiff is suing the city for injuries sustained after...
You are serving on a jury. A plaintiff is suing the city for
injuries sustained after a freak street sweeper accident. In the
trial, doctors testified that it will be five years before the
plaintiff is able to return to work. The jury has already decided
in favor of the plaintiff. You are the foreperson of the jury and
propose that the jury give the plaintiff an award to cover the
following: (1) The present value of two years’ back...
You are serving on a jury. A plaintiff is suing the city for injuries sustained after...
You are serving on a jury. A plaintiff is suing the city for
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trial, doctors testified that it will be 5 years before the
plaintiff is able to return to
work. The jury has already decided in favor of the plaintiff. You
are the foreman of the jury and propose that the jury gives the
plaintiff an award to cover the following items:
(1) The present value of two years...
You are serving on a jury. A plaintiff is suing the city for injuries sustained after...
You are serving on a jury. A plaintiff is suing the city for
injuries sustained after a freak street sweeper accident. In the
trial, doctors testified that it will be five years before the
plaintiff is able to return to work. The jury has already decided
in favor of the plaintiff. You are the foreperson of the jury and
propose that the jury give the plaintiff an award to cover the
following: (a) The present value of two years’ back...
ou are serving on a jury. A plaintiff is suing the city for injuries sustained after...
ou are serving on a jury. A plaintiff is suing the city for
injuries sustained after a freak street-sweeper accident. In the
trial, doctors testified that it will be five years before the
plaintiff is able to return to work. The jury has already decided
in favor of the plaintiff. You are the foreperson of the jury and
propose that the jury give the plaintiff an award to cover the
following:
(a)
The present value of two years’ back pay....
You are serving on a jury. A plaintiff is suing the city forinjuries sustained after...
You are serving on a jury. A plaintiff is suing the city for
injuries sustained after a freak street-sweeper accident. In the
trial, doctors testified that it will be five years before the
plaintiff is able to return to work. The jury has already decided
in favor of the plaintiff. You are the foreperson of the jury and
propose that the jury give the plaintiff an award to cover the
following:
(a)
The present value of two years’ back pay....
You are serving on a jury which began in January 2020. A plaintiff is suing the...
You are serving on a jury which began in January 2020. A
plaintiff is suing the city for injuries sustained after falling
down an uncovered manhole in 2018. In the trial, doctors testified
that it will be 5 years before the plaintiff is able to return to
work. The jury has already decided in favor of the plaintiff. You
and your co-jurors propose that the plaintiff receives the
following judgement:
1-) 2 years of back pay ($54,000 in 12/2018, $62,000...
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Marita sustained the following injuries in the fall: -Two deep lacerations to her right leg -Grazes...
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