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Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,480 from her savings account at the end of each

Asa has invested money from the settlement of an insurance claim. She plans to withdraw

$1,480

from her savings account at the end of each

quarter

for

five

years. If the payments are deferred for

two

years and interest is

compounded

semi-annually,

what was the amount of the insurance settlement?

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