The Present Value of Money

Baltimore personal injury lawyers would probably agree this is a complicated subject, well beyond the scope of these volumes. However, the concept plays a significant role in intelligently valuing any serious Baltimore automobile accident or personal injury case. Assume an accident victim sustains a serious injury, and will require medical care of some sort, well into the future. Assume a physician opines that the amount will be 1,000 a year for 20 years. That's $20,000. But, because wisely invested money grows over time, if a prudent investor, like an insurance company, invests just $7,537 today, in 20 years, that $7,537will grow to $20,000. Now, a Baltimore personal injury lawyers knows that does not take into account that every year, the injury victim is going to have to take out 1,000 for the medical care, or that the prudent investor is going to pay taxes or capital gains on the accumulations, but an understanding of the concept is vital in intelligently assessing the value of Baltimore automobile accident or personal injury case where there are long term medical costs.
 

Black ice and personal injury lawsuits.

The American Meteorological Society tells us black ice is “a popular alternative for glaze. A thin sheet of ice, relatively dark in appearance, may form when light rain or drizzle falls on a road surface that is...

Property damage in personal injury lawsuits

The notion that there is a correlation between the dollar amount of property damage in a motor vehicle accident, and the severity of a personal injury has some logical appeal. If a car’s front end is smashed in, then the occupants would seem...
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