document.write( "Question 337274: I owe a court settlement of $46,000 @ 6% interest and I pay $500.00 a month. How many months is this going to take.\r
\n" ); document.write( "\n" ); document.write( "If I were to offer a lump sum now, would would the present value be, and/or a structured Settlement be?\r
\n" ); document.write( "\n" ); document.write( "Thanks\r
\n" ); document.write( "\n" ); document.write( "Dawn Swanson \n" ); document.write( "

Algebra.Com's Answer #241829 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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I owe a court settlement of $46,000 @ 6% interest and I pay $500.00 a month. How many months is this going to take.
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\n" ); document.write( "To pay off a $46,000 loan at 6% will take about 124 month or 10 yr and 4 months.
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\n" ); document.write( "If I were to offer a lump sum now, would would the present value be, and/or a structured Settlement be?
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\n" ); document.write( "During this time you would pay $16,000 in interest (above the principal of $46,000)
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\n" ); document.write( "I assume that you are charged interest on the unpaid balance, therefore paying it off right away would save you as much as $16,000
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\n" ); document.write( "As to a structured settlement, that is negotiated, like perhaps they would except $40,000 if you paid it right now for example. Be sure get it all in writing if you do that. \n" ); document.write( "

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