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ou just settled an insurance claim. The settlement calls for increasing payments over a 5-year period. The first payment will be paid one year from
ou just settled an insurance claim. The settlement calls for increasing payments over a 5-year period. The first payment will be paid one year from now in the amount of $30,000. The following payments will increase by 6 p What is the value of this settlement to you today if you can earn 8.5 percent on y our investments? $126,408.28 $129,417.11 $132,023.05 $141,414.14 $152,008.16
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