Question

The greatest payout for a personal injury was recorded at $163,882,660 in 1993. The car wreck actually occurred in the year 1987. If the guilty part paid in the year the wreck actually happened, what would have been the equivalent payout in 1987?

Answer 1

$127,618,279.99

Explanation:

Adjusted for inflation, $163,882,660.00 in 1993 is equal to $127,618,279.99 in 1987.

Annual inflation over this period was 4.26%.