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Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,040 from her savings account at the end of each

Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,040 from her savings account at the end of each quarter for five years. If the payments are deferred for three years and interest is 5% compounded monthly, what was the amount of the insurance settlement?

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