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Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,920 from her savings account at the end of each
Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,920 from her savings account at the end of each month for three years. If the payments are deferred for eight years and interest is 5% compounded semi-annually, what was the amount of the insurance settlement? The insurance settlement was $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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