Asa has invested money from the settlement of an insurance claim. She plans to withdraw $3,000...

Transcribed Image Text:

Asa has invested money from the settlement of an insurance claim. She plans to withdraw $3,000 from her savings account at the end of each quarter for four years. If the payments are deferred for ten years and interest is 3% compounded semi-annually, what was the amount of the insurance settlement? NOTE: The first payment is not in exactly ten years, but one payment period after that. ... The insurance settlement was (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Asa has invested money from the settlement of an insurance claim. She plans to withdraw $3,000 from her savings account at the end of each quarter for four years. If the payments are deferred for ten years and interest is 3% compounded semi-annually, what was the amount of the insurance settlement? NOTE: The first payment is not in exactly ten years, but one payment period after that. ... The insurance settlement was (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)