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Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,180 from her savings account at the end of each
Asa has invested money from the settlement of an insurance claim. She plans to withdraw $1,180 from her savings account at the end of each month for six years. If the payments are deferred for three years and interest is 6% compounded 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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